It is possible to lower monthly mortgage payments by refinancing the mortgage on your home. The decision to refinance a mortgage depends on the interest rate available for a new mortgage, discount points and the amount of closing costs to be paid. Typically, there needs to be at least a two percent difference between your mortgage and the new mortgage that is available. Refinancing may not be a good idea for you if you have a prepayment penalty on your mortgage.

Copyright © 1997-2007, Prime Lend America Mortgage Corporation. - All rights reserved.
Please Read our Privacy Statement
Equal Opportunity Lender and Employer
Loan programs, rates and fees subject to change without prior notice.
A federal approved Lending Institution

Design and Hosting by DMNI