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1. Lower Interest Rate: Reduces your monthly payment and total interest paid over time.

2. Access Home Equity: Use your equity to pay off debt, make home improvements, or fund life’s big goals.

3. Pay Off Your Loan Sooner: Shorten your payoff timeline or extend it for more manageable payments.

4. Switch Loan Type: Move from an adjustable to a fixed-rate mortgage for long-term stability.

5. Eliminate Private Mortgage Insurance (PMI): If you have 20% equity or more, refinancing can remove costly mortgage insurance.

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Licensed MLO William Burton is here to help you understand the 5 Key Benefits of Refinancing

🎓 You can also Join Us On Our No-Cost Home Buying Video Seminars!

Learn how to prepare, qualify, and buy with confidence! Hosted by Broker manager

William Burton of NEXA Lending