Call Us Today
for a FREE Custom Rate Quote
877-487-2562

Call Us Today
for a FREE Custom Rate Quote
877-487-2562

Thursday, November 14, 2019
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Build Home Equity Faster

Many borrowers use a refinance to shorten the term of the mortgage. Even at a lower rate, a shorter term means higher monthly payment. The benefit is you will build up equity faster and the total amount of interest paid will be less over the life of the loan.

If reducing your mortgage to a 15-year term and the higher payment is not in your budget, your best means of building equity is to refinance for less than 30 years. To do so, ask your mortgage professional to customize your new loan’s term to match the years left on your old loan. If you are five years into a 30-year mortgage, for example, ask for a 25-year loan.

Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #1313, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845

Dave Burson | Residential Mortgage Loan Originator
10534 Burke Lake Rd, Fairfax Station, VA 22039
Branch Location:
3045 Marina Bay Dr, #1313, League City, TX 77573

Call today - 1-877-487-2562
NMLS #s 339336 & 339845