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As part of #NationalHomeownershipMonth, we’re breaking down key terms that you might hear during your journey as a homeowner. This week: Refinancing. These are some benefits you need to know 👇 📉Lower Your Monthly Payments - Refinancing may allow you to secure a lower interest rate than your current mortgage, which may significantly reduce your monthly payments. It's like giving your budget a breath of fresh air! 🏡Shorten Your Loan Term - Switching from a 30-year to a 15-year mortgage? Refinancing might be your path! This may save you money on interest over the life of the loan and might help you build equity faster. 💵Cash Out for Big Expenses - Refinancing may also provide access to the equity you’ve built up in your home, giving you cash to use for renovations, debt consolidation, or other large expenses. 👉Whether it's saving money monthly, paying off your home sooner, or funding your next big project, refinancing could be a strategic move. Learn about home refinancing, along with more helpful mortgage terms and language on our blog 👉https://lnkd.in/dZwbibKf #Newrez #HomeLoan #Refinancing #Refinance #MortgageLender

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Madelynn Tejeda

Bi-Lingual (English/Spanish) | Military Lending Professional | Renovation & Affordable Lending Specialist | Sr Loan Consultant, NMLS #207250

3mo

Informative 👍

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