Lowering your monthly payment starts with the right knowledge. These FAQs cover the key info to help you move forward with clarity and confidence.
How does refinancing lower my payment?
Refinancing can reduce your monthly payment by getting a lower interest rate, extending your loan term, or both. This means more room in your budget without moving or selling your home.
How long does the refinancing process take?
The refinancing process typically takes 30 to 45 days, but that timeline can vary based on factors like home appraisal, documentation, and lender capacity.
At Panorama Mortgage Group, we move faster. We can complete your refinance in under 30 days—helping you lock in a better rate and start saving sooner.
When should I refinance?
Refinance if you can lower your rate by at least 0.5%–1%, shorten the loan term, or switch to a more stable loan type.
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