They used to say you should only refinance if you can lower your interest rate by at least 2% or more. But that’s not true anymore!
For example, you may be able to save money by refinancing at only a .5% decrease. This is because there are a lot of variables to take into consideration.
We are experts at looking at all the complex variables and structuring your new mortgage so you save the most money! Our dedication and time spent helping our clients is what has set us apart for over 15 years among Indianapolis mortgage companies.
Main Reasons to Refinance
There are three main reasons to refinance your current mortgage:
Save money with a lower interest rate
Borrow more money with your home equity
Restructure your existing mortgage
It usually costs money to refinance. But you can save thousands of dollars over the lifetime of your loan if you lower your interest rate by even 1%. If you’re eligible for a no cost refinance, then you’ll save even more money!
Jim DeCamp is a veteran himself, and he takes special care in helping veterans get the best home loan possible. The Guaranteed Veterans Affairs Home Loan is designed to provide mortgages for all veterans and surviving spouses.
The Guaranteed VA Home Loan allows veterans and surviving spouses to purchase or refinance a home with no down payment at all.
Borrow up to 100% of the home value
We get you moved in to your new home as quickly as possible, and your payments every month will be lower because there’s no monthly Private Mortgage Insurance that you have to pay for with your VA Loan.
Do you already have a VA Loan? We can help you refinance and get a better mortgage. This frees up more money for you each month to spend on other things! Benefits of refinancing your VA Loan include lower monthly payments, shorter loan length, or to help you pay off some of your other bills.