Benefits of Refinancing  


Should I Refinance?

There are a number of factors that must be weighed when deciding to refinance, most important is your reason for refinancing.

On a straight rate reduction/no cash-out, we usually won't recommend that someone refinances unless they can save at least 1.0 to 1.5 percent over their current interest rate to make up for the cost involved. Refinancing is essentially replacing one mortgage with another and the costs are typically similar to the costs of your original loan. Even a less substantial rate decrease may be worth it to you if you plan on staying in your home for some time.

However, if your goal is to consolidate bills or obtain cash, your savings could be immediate! Even with added cash in their pockets, our customers have saved hundreds – even thousands! – of dollars per month by refinancing with Kings Mortgage Services, Inc.

Every situation is different. If you would like a free mortgage analysis to see if refinancing is right for you, we are pleased to offer you our convenient and secure online application or contact us. We will provide you with all the information you need to make the right decision. There is no obligation, just good information.

NOW is still a great time to refinance your home!