Ready to pay less in interest on your mortgage and lower your monthly payments? A refinance may be the right step for you.

A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your monthly payments, which can add up to significant savings.

Knowing your current refinance mortgage rates is important. The Spahr Team can keep you informed and help decide when a refinance may be best.

Reasons to consider a mortgage refinance:

Reduce your monthly mortgage payment: When mortgage rates go down, a refinance to a lower interest rate than you currently have may save you money. A refinance with The Spahr Team may help you lower your payment and possibly save you money.

Consolidate high interest debt: You could pay off those higher-interest debts by refinancing with a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and pay off your higher-interest or higher-payment debt. By consolidating your payments into one low monthly payment, you can pay less each month, lower your debt, and potentially improve your credit score.

Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of lower rates and shorten the term of your loan (which means paying less interest) without a significant change in your monthly payment?

When to Refinance Your Mortgage?

We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, contact The Spahr Team. We can advise you on which mortgage refinancing program meets your needs. We will always be honest and help you if refinancing makes financial sense. A lower rate does not always mean there is a benefit, and your specific situation and short and long-term goals come into play.