All Pinnacle offices will be closed Monday, May 26, in observance of Memorial Day. You can see all bank holidays at PNFP.com/Holidays. Enjoy the weekend!
All Pinnacle offices will be closed Monday, May 26, in observance of Memorial Day. You can see all bank holidays at PNFP.com/Holidays. Enjoy the weekend!
With mortgage rates at all-time lows, now is a good time to consider refinancing. But just because rates are low doesn’t mean you should jump into it unprepared. People who don’t do their homework may come to find that refinancing isn’t for them or that they could have gotten a better deal if they had done more research.
Online mortgage exchange Lending Tree recently surveyed its network lenders about the biggest mistakes consumers make when attempting to refinance their home loans. Here are the top five:
The best thing you can do if you’re contemplating a refinance is to be prepared. Most people don’t think about their mortgage interest rate or home value until there’s a problem. Doing some research should also help alleviate anxiety associated with today’s real estate market.
Check out this case study for an example of how Pinnacle clients are refinancing to lower monthly payments and the length of their term. Because of their refinance, the homeowners featured should be able to pay off their mortgage in eight years.
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