Get the Best Mortgage Refinance Rates
You are not alone, if you have been waiting for mortgage interest rates to fall.
With a modest reduction in mortgage interest rates, you might obtain a lower monthly mortgage payment.
The best mortgage refinance rates for today will vary among lenders.
Mortgage Refinance Rates 2025
Savings could be on the way for homeowners who have waited for better mortgage refinance rates to arrive.
Many borrowers are wondering if mortgage refinance rates will go down in 2025.
While market conditions have caused mortgage interest rates to remain fairly steady, optimism is growing for a Fall or Winter interest rate cut in 2025.
When mortgage refinance rates fall, homeowners can inquire about local mortgage rates.
Some homeowners search for mortgage refinance rates by state.
Mindful Money is an excellent resource to find competitive mortgage rates in Arizona, California or Colorado.
Refinance to Obtain a Fixed-Rate Mortgage Loan
Perhaps you financed the cost of your home with an adjustable-rate mortgage or a temporary buydown. As nonpermanent forms of financing, both loan programs could lead to higher mortgage rates, which would increase your monthly mortgage payment.
Refinancing to get the best fixed-rate mortgage loan for your financial situation could help protect you from unpredictable rate adjustments in the future.
Working with an experienced mortgage broker is a great way to find the best mortgage refinance rates.
Samantha Cooley is a licensed mortgage broker in AZ, CA and CO who has helped people obtain attractive mortgage refinance rates for more than 20 years.
Refinance to Eliminate Mortgage Insurance
While some homeowners may wait until rates are low to refinance, you can inquire about refinancing to eliminate mortgage insurance.
For instance, if you currently have an FHA mortgage and after refinancing, your new loan balance is less than 80% of the appraised value of your home, you may be able to secure a conventional mortgage loan without a mortgage insurance premium.
When you eliminate mortgage insurance, you could potentially save thousands of dollars over the life of your mortgage loan.
Get Low Cash-Out Refinance Rates
A cash-out refinance could enable you to borrow a portion of the equity in your home.
After paying off your existing mortgage and closing costs, you would receive cash-out from the remaining loan proceeds.
Homeowners often use cash-out refinance loans to consolidate credit card debt, pay off student loans and to make various home improvements.
You might qualify for many of the best mortgage interest rates online with timely mortgage payments, a stellar credit score and a qualifying debt-to-income ratio.
Apply online with Mindful Money for low-rate refinance loans.
Schedule a call with Samantha Cooley to discuss any questions about getting a home mortgage loan in AZ, CA or CO.