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Rates Are Back Under 3%

  • rpccarrigan
  • Jul 22, 2021
  • 1 min read

After six months of gradual mortgage rate increases, the interest rate on a 30-year fixed mortgage is below 3% again. If you missed your chance to refinance last year, now is a great opportunity to do so. Refinancing could reduce your monthly mortgage payment by hundreds of dollars and reduce the amount of interest you pay over the life of your mortgage by tens of thousands of dollars. And, don’t worry, we won’t pressure you to refinance if it doesn’t make sense and align with your financial goals.



If paying off your home is your goal, there are ways to refinance your mortgage without extending the life of your loan. Rates are low on 10, 15, and 20 year mortgages, as well. Oftentimes, I can help clients refinance to a shorter term loan without much difference in their monthly payment.


The Shamrock Home Mortgage team is here to help, even if you decide not to refinance. If you have specific questions about what rate we could get for you, questions about debt consolidation, or whether you should prepay your mortgage do not hesitate to reach out. We are here to help!



 
 
 

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Shamrock Home Mortgage is a full service mortgage brokerage company registered with the NMLS under #1680873.  Shamrock Home Mortgage has its home office in Aurora, IL as well as a satellite office in San Antonio, TX and is licensed to provide mortgage brokerage services. Illinois Residential Licensee 031.0008400, Texas 238717, NMLS # 238717

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Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. a toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.
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