Most lenders charge fees to refinance a loan. So, if you plan to only stay in the property for a couple of years, your monthly savings may not accumulate to recoup these costs. Example: A lender charged $1,000 to refinance your loan that resulted in saving you $50 each month; it would take 20-months to recoup your initial costs. Some lenders will charge a slightly higher than average interest rate on refinance loans, but will waive all costs associated with the loan. This will depend on the interest rate on your current loan.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 279168
11040 W. Blue Mound Road (211)
Milwaukee, Wisconsin 53226
Phone: (414) 431-3111
U.S. MORTGAGE CORPORATION strives to ensure that its services are accessible to people with disabilities. U.S. MORTGAGE CORPORATION has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
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U.S. MORTGAGE CORPORATION continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
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