UA-93173042-1

(310)  919-4061

23241 Ventura Blvd, Ste. 217, Woodland Hills, CA 91364

Should I refinance if I plan on moving soon?

Most lenders charge fees to refinance a loan. So, if you plan to only stay in the property for a couple of years, your monthly savings may not accumulate to recoup these costs. Example: A lender charged $1,000 to refinance your loan that resulted in saving you $50 each month; it would take 20-months to recoup your initial costs. Some lenders will charge a slightly higher than average interest rate on refinance loans, but will waive all costs associated with the loan. This will depend on the interest rate on your current loan.

Pre-qualify for a loan in a few simple steps

Get Started

Fill out your Secure Application

Apply Now

See what our clients are saying:

Testimonials

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand Lotus Mortgage & Realty Inc. 's Privacy Policy.