When is The Right Time to Refinance Your Home?

When you secure a mortgage, refinancing is a term you're going to need to know. In this video I break down the top 3 reasons homeowners refinance and what the benefits of each are.

Lowering Your Rate:
- Learn the why and when of securing a lower interest rate.
- Calculate potential savings based on your goals.

Debt Consolidation:
- Harness home equity to consolidate debts intelligently.
- Understand why a higher mortgage rate can be strategic.

Shortening the Loan Term:
- Dive into the benefits of transitioning to a 15 or 20-year mortgage.
- Real examples showcasing substantial savings over time.

If you're considering a refinance or just want to enhance your financial knowledge, this video is a must-watch!

Don't forget to subscribe for more insightful content and leave a comment with your specific scenarios or questions - @branthemortgageman

00:00 Introduction
00:13 Lower Your Rate
01:45 Consolidate Debt
03:14 Shorten the Loan Term

#refinancemortgage #refinance #mortgagetips #homeowners #homeownertips

[ramonrmorales]

Hi Bran, I’m buying a 2nd new house with my wife $700k
We are putting 20% Down but still the monthly payment is too high ($5k)

We want to sell the currently house that we owe that has an Equity of $250k to put $100k more on the down payment for the new one (35%).

The bank says that if we sell our house, they will not consider my wife job for the application (I work remote).

Should we buy with 20% and sell our current house after closing the new one to refinance right away and put $100k on the principal ?

[soopnation]

Found you on instagram thank you for your content and taking the time to give people this information

[bahtiyarmamadaliev]

Hi! How can I contact you? Need your advice, help, please