Refinancing Services in Maryland, Virginia, and the DC Area
If you are interested in reducing your monthly mortgage payments, obtaining a lower interest rate, converting your home equity into cash, or switching to a fixed-rate loan, you should consider refinancing your mortgage. Refinancing your home loan can help you save money or gain access to the equity in your home. The first step is to decide what you want to gain from your refinance, then start comparing rates and fees from lenders. If all of this seems like an overwhelming task, the experienced team at Coakley Realty can help guide you toward your refinancing goals.
What is Home Refinancing?
When you refinance your home, you pay off your current mortgage by taking out a loan for a new one. This enables homeowners to adjust the terms of their mortgage as their financing needs change. This is done for a variety of reasons, including the cancellation of mortgage insurance. For example, if interest rates drop, you can take advantage of a better rate and shorten the term of your loan without raising your payment by very much. This enables you to pay off your home more quickly and save on interest costs. Another reason that many homeowners choose to refinance is to tap into the equity of their home to fund renovations or other large home improvement projects. An updated kitchen, renovated bathrooms, or outdoor living additions like a pool can do a lot to improve your home’s value if you are planning to sell.
and commercial real estate
Speak with the Coakley Realty Refinancing Experts Today
The Coakley family have been local, respected members of the real estate and construction community in Maryland, Virginia, and the DC area since 1925. Our full-service real estate firm and trustworthy team of licensed Realtors have the experience necessary to assist you with all of your real estate needs, including residential sales and purchases, tax appeals, appraisals and consulting, feasibility analysis, litigation support, commercial real estate, property management, development management, relocation services, and more.