Is Now the Right Time to Refinance? Your Employee Homeownership Benefits Can Help You Decide
With mortgage rates trending down again, many homeowners are wondering if now is the perfect time to refinance and reduce their monthly payments. If you’re one of them, the answer isn’t always straightforward. That’s why having the right tools and guidance through your employee homeownership benefits program can make all the difference.
Refinancing can offer huge savings over the life of your loan, but timing is key—and it’s about more than just watching interest rates. Your Employee Homeownership Program provides a Free Refinance Analysis to help you evaluate your options and decide if a refi makes sense for your goals. Plus, the Rate Notification Service will alert you when rates hit your target, so you’re ready to lock in savings when the moment is right
Why Refinancing Could Be a Smart Move Right Now
According to recent trends, mortgage rates have dropped by more than a percentage point compared to last year. Lower rates can mean saving hundreds of dollars each month, depending on your loan size and remaining term.
But interest rates aren’t the only factor. If you’ve been paying on your current mortgage for a few years, refinancing might also allow you to tap into your home’s equity, shorten your loan term, or switch to a different type of mortgage that better suits your needs.
Pro Tip: If you’re considering refinancing, take advantage of your employee homeownership benefits to get a free refinance analysis. Your benefits advisor will work through all the numbers and help you determine if refinancing is the best move for your unique financial situation. This analysis is designed to save you time and money, giving you peace of mind that you’re making an informed decision.
Real Savings: Why a Free Refinance Analysis Matters
To show how beneficial a refinance can be, consider one of the employees currently in the process of refinancing. When he reached out, we conducted a detailed refinance analysis and identified an opportunity to lower his rate. The result? He’s on track to save more than $300 a month on his mortgage payment just by locking in a lower interest rate! That’s over $3,600 a year in savings that he can now put toward his other financial goals.
What If Rates Aren’t Low Enough Yet?
If today’s rates aren’t quite where you want them to be, that’s okay! It’s smart to be strategic, and our Rate Notification Service can help. We’ll monitor rates for you and notify you the moment they drop to your desired level, so you can lock in the savings before rates bounce back up. This is especially important in a volatile market where a difference of just a few hours can impact your bottom line.
Pro Tip: With refinancing, timing is everything. Your program’s Rate Notification Service means you’ll be notified when the market shifts in your favor. When rates dip, they can bounce back quickly, so having someone watching out for you is key to maximizing your savings.
Bottom Line: Get the Most Out of Your Refinance
With rates moving and competition in the market increasing, now could be the ideal time to explore your refinancing options. Your employee homeownership benefits program is here to guide you every step of the way—whether it’s providing a comprehensive refinance analysis, helping you lock in a lower rate, or helping you reduce your closing costs.
Ready to see if refinancing is the right move for you? Reach out today to schedule your Free Refinance Analysis and start exploring the possibilities. With our guidance and exclusive benefits, you can make a smart financial move that positions you for long-term success. Contact Us to Get Started!
The information contained and the opinions expressed in this article are not intended to be construed as investment advice. Advantage Home Plus does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.
Category: Refinance
