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.
Pitch Edison Financial, LLC is a Mortgage Broker based out of Omaha, NE. As a Financial professional for over 12 years, Mark has the unique ability to navigate a complex industry to provide unmatched solutions and resources to his customers that others simply cannot. Our model allows us to create a custom experience whether you are looking for a better rate, lower fees, a quick closing, down payment assistance or help with credit challenges, we can tailor a loan that is right for you. Let us know how we can hellp you.
Company NMLS: 1703152
14301 FNB Pkwy, Suite 100
Omaha, Nebraska 68154
Phone: (402) 509-4115