Our company, Primex Mortgage Corporation, is the trusted resource for mortgage refinance in Washington, D.C. and Alexandria, Virginia. We also serve people in other nearby communities, including Gaithersburg, Silver Spring, Bethesda, and Rockville, Maryland. When you partner with our company, you can rest assured that you will get the best possible mortgage refinance terms. We have access to many different programs, so we can compare all options and explain them to you so that you can make a fully informed decision.
Have can a mortgage refinance benefit you?
There are a number of different reasons why people decide to come to us to refinance their mortgages. One scenario that is quite common is the desire to transition from an adjustable rate mortgage to a fixed rate mortgage that will carry a lower rate.
People with equity will sometimes refinance so they can make lower monthly payments on a base loan amount that is less than the original loan. And speaking of equity, a mortgage refinance cash-out loan can be an option for homeowners that would like to turn their equity into liquidity.
Most people originally carry 30 year mortgages to keep the payments to a minimum. However, at some point in time, you may recognize the fact that you have the ability to make a significantly larger monthly payment. Under these circumstances, a mortgage refinance can be used to obtain a 15 year mortgage in lieu of the thirty-year timeframe.
The mortgage interest rate that you pay will typically be tied to the credit score that you have when you take out the loan. If you pay your mortgage on time and do everything possible to improve your credit score, you may qualify for a new mortgage that comes with a lower rate of interest. This would be another situation that could call for a mortgage refinance.
We Are Here to Help!
As you can see, there are a number of different reasons why a mortgage refinance can be beneficial. We have just scratched the surface with some brief explanations here, but our Washington, D.C. area mortgage refinance consultants are always standing by to answer your questions. You can reach one of them by phone right now if you give us a call at 301-468-5000. There is also a contact page on this website that you can utilize if you would prefer to reach out to us electronically.