Top Reasons Consumers Refinance Their Home

House balancing with money on other side of scale.

Today, many of us have more irons in the fire then we know what to do with.  Between work, life and everything else in between we sometimes forget to look for opportunities to change. For many, we buy our homes thinking this will be our forever home, or we can maybe change this or that…

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Is OnPoint for You?

Is OnPoint for You SouthPoint Home Mortgage Loan Expert Sara Waibel Hutchinson and Waconia Minnesota

Have you heard the exciting news about SouthPoint Home Mortgage’s OnPoint Products? Our OnPoint products are new and improved to offer you even more purchasing power on your dream home or can help you save even more money with a refinance of your current home! What is OnPoint? It’s an adjustable rate mortgages (ARM)! We…

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Should I Refinance to a 15-year Mortgage?

Should I Refinance to a 15-year Mortgage by Mortgage Loan Officer John Flemmer New Ulm Minnesota

With mortgage rates falling and financial experts predicting an unstable future for the economy, lots of homeowners are rushing to refinance their mortgages to lock in low rates. One increasingly popular option is to refinance a conventional 30-year mortgage into a 15-year loan. Borrowers may be wondering if this is a financially sound move to make for…

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Mortgage Rates are Dropping; Should I Refinance?

Rate are low thinking of refinancing SouthPoint Home Mortgage

Q: I’ve heard that mortgage rates have dropped dramatically since the start of 2019. Should I refinance my mortgage loan to take advantage of these lower rates? A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage loan, often at a lower interest rate.…

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Should you consider a cash-out refinance?

Clipboard with sheet of paper that says "cash-out refinance" sits on a desk with a calculator and wood house cutout.

A cash-out refinance is a great option for paying down debts, getting finances in order, or for home improvements and other major expenses. A refinance uses the equity, or built up value, in your home to finance these desired items. For example: you owe $150,000 on your mortgage, but your home is valued at $250,000.…

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New Year’s Resolution – Home Buyers & Owners

Lady sitting on floor withe a house drawing behind her thinking about New Year’s Resolution for Home Buyers & Owner

We are all familiar with the typical New Year’s resolutions – eat healthy, exercise, save more money, etc… but when it comes to home ownership, having goals in place are just as important. Home Buyers If you are thinking of purchasing a home in the upcoming year, check out this list of home buyer resolutions…

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