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Refinancing your existing mortgage is a great way to reduce monthly payments, lower your interest rate or take cash out of your home’s equity for large purchases. Most individuals choose to refinance when they have equity in their home to secure a lower interest rate and lower their monthly payment, but refinancing can also help you build equity more quickly and pay off your mortgage sooner. When you are considering refinancing, here are a few main points to research:
The Credit Union offers a personalized financing experience. One of our mortgage loan consultants will work closely with you to coordinate your home equity loan process from start to finish, and make your borrowing experience as quick and efficient as possible. Learn more at: https://www.fpccfcu.org/Loans/Home-Loans
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