Refinance Your Mortgage to Save Big Bucks

Refinance your fixed-rate home loan to a shorter term and see big benefits. Say you have 26 years left on a 30 year fixed-rate mortgage at 6.5% and you refinance to a 15 year fixed-rate loan at 4%. Your monthly payment will drop only about $40—but over the loan term, you’ll be ahead more than $175,000. Or you might choose another option that reduces your monthly payment more, freeing up cash for daily needs. Talk to a loan specialist at Hopewell Federal Credit Union today to review your alternatives.

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