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Refinance While Rates Are Still in Consumers’ Favor

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Mortgage and Lending with Quicken Loans

If you are a homeowner and carry a mortgage, you likely also carry a rate and monthly payment that could stand to be improved.  Thinking about remodeling or adding some extra funds to your retirement account?  Refinancing can save you thousands of dollars over the life of your loan that could be better spent toward your financial goals.  While no one can say for certain how long mortgage rates are going to last, it's important to give yourself the opportunity to explore mortgage programs before the end of the year to see if you are one of the millions of Americans who qualify for a more affordable home loan.

Arm Yourself with Knowledge

The more information you have handy, the easier it will be to determine your eligibility for today's low mortgage rates.  Do you have a credit score higher than 620?  Start gathering your tax returns from the past two years, W-2 income statements and your two most recent pay stubs.  Print off your latest bank statements to indicate your savings and retirement fund totals.  Being prepared with the right documents before contacting a lender can help you get organized and lay the foundation for a smooth application process.

A Lower Mortgage Payment Awaits

Having a reputable lender will make the mortgage process easier and transparent by digging deep to see if refinancing your home loan is the right choice for your financial needs.  Whether you are looking for an FHA Loan, VA Loan or simply want to change the term of your mortgage, contact a home loan expert at Quicken Loans who can help you start the path to a lower mortgage payment.

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