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.
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Licensed in : CA, NV, UT
Nevada License: 25855
Company Nevada License: 2647
Company NMLS: 322341
Individual NMLS: 307439
www.nmlsconsumeraccess.org
3571 E. Sunset Road
Las Vegas, NV 89120
Phone: (702) 419-5101
timothy.klinger@gmail.com
tim@citizens-choice.com
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