Do you want to lower your house payment? Do you want to see more money in your pocket? Have interest rates decreased since you purchased your home? If the answer to any of these questions is "YES", then you should consider refinancing. Interest rates are at historic lows right now and that makes refinancing a very attractive option.

Refinancing can lower your monthly payment in a few different ways. If current interest rates are lower than when you performed your previous mortgage transaction, it could lower your monthly payment. Lengthening the term of your mortgage could also lower your monthly payment by spreading the repayment of your mortgage over more years. Another way to lower your monthly payment is by converting an adjustable rate mortgage into a fixed rate mortgage. This will secure a lower interest rate over the entire term of your mortgage rather than letting the interest rate fluctuate. Depending on your current term and rate, you can possibly even shorten your term and still get your mortgage payment lowered.

Why refinance with Gateway? Our Loan Officers have your best interest at heart. They work hard to get you the lowest interest rate and monthly payment possible. They take the time to answer your questions and help you understand the process better. Here at Gateway, we offer many options for refinancing and will find the one that fits you best.