FAQs About Refinancing Your Mortgage

COVID-19 has been a crazy time in history, that's for sure, but it has had a significant effect on mortgage rates. This means it may be the best time for you to refinance your mortgage at the Lake of the Ozarks. Have questions on how that works? Our mortgage lenders in Osage Beach can help you. You can reach them at (573) 348-2265. In the meantime, keep reading this week's blog for a few frequently asked questions we get on refinancing your mortgage.

FAQs About Refinancing Your Mortgage

Q: What are a few common reasons someone may consider refinancing their mortgage?

A: There are many reasons people have considered refinancing their mortgages over the years, such as:

• Lowering their monthly payments
• Having better credit now
• Qualifying for a lower rate now
• Canceling private mortgage insurance

...Whatever your reason may be, our Lake of the Ozarks mortgage lenders can help. 

Q: How do I know if refinancing my mortgage is a good idea or not?

A: Honestly, refinancing isn't for everyone. The best thing you can do is to just get the answers to the questions you have and make the best decision knowing what you've learned. The best way to do that is to ask a mortgage expert and we are happy to help.

Q: Is there a way to refinance my home loan in order to pay for some home improvements I need?

A: Possibly, this is another reason some people choose to refinance their home loans. For example, you may need to replace your roof, which can be VERY costly. Ask your mortgage lender if refinancing to cover something like this is a possibility.

SPECIAL ANNOUNCEMENT:

We've reopened our lobby and have taken the appropriate measures to keep our employees and customers safe. Our strict sanitizing protocols remain in place.

• Only 10 customers in the lobby at one time.
• Please limit entrance to customers transacting business.
• Maintain social distancing. To help we have placed marks on the floor.
• Hand sanitizer is available, please use it upon entry.

Our Mortgage Lenders Are Here For You!

If you are considering refinancing your home loan, please consider First Bank of the Lake for your mortgage needs. Our experienced lenders specialize in providing financing for all types of real estate projects. Plus, we underwrite and service all loans. We respond quickly to your needs with flexible, common-sense lending solutions.

• Residential Loans
• Commercial Loans
• Construction
• Second Homes
• Condominiums
• Buy or Refinance

We’re 1st with Competitive Rates, Flexible Terms, and Low Closing Costs. We make the loan process easier. Call us 1st! For more information, you can call (573) 348-2265. You can also follow us on our social media channels listed below to stay up to date on our latest announcements.

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Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100

Osage Beach, MO 65065

(573) 348-2265