Liberty Capital Services Announces Top Reasons Why Homeowners Refinance

Liberty Capital Services Announces Top Reasons Why Homeowners Refinance
In a recent public service announcement, Liberty Capital Services shared some of the top reasons why homeowners choose to refinance their homes.

Columbus, OH – May 13, 2020 – Liberty Capital Services, a mortgage company in Columbus, OH, recently shared some of the most popular reasons that homeowners choose to refinance their homes. The company said that it decided to share these reasons as a public service to homeowners who are weighing their options with regard to home refinancing.

Liberty Capital Services indicated that one of the reasons mortgage brokers in Columbus help homeowners refinance is that refinancing can reduce monthly payments, provided that interest rates have dropped below what the homeowner is currently paying. Liberty Capital Services also mentioned that homeowners often choose to refinance their homes when they wish to change the type of mortgage rate they are paying–either from fixed to adjustable or vise versa. According to Liberty Capital Services, a homeowner’s ideal mortgage type may change depending on the homeowner’s situation.

Liberty Capital Services also said that a Columbus home refinance may allow for more flexible and accommodating mortgage terms, provided that the homeowner has improved their credit score and decreased their debt-to-income (DTI) ratio. Finally, Liberty Capital Services indicate that a mortgage refinance is recommended for homeowners who wish to pay off their mortgage early, as refinancing reduces the terms of the loan and thus circumvents a prepayment penalty.

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About Liberty Capital Services

Liberty Capital Services, LLC was founded by two Ohio State University graduates who wanted to give homebuyers the same level of VIP treatment that they would receive from financial planners. The company provides a wide variety of home purchase and refinance products, and is certified to provide home loans to veterans, active-duty service members, and eligible surviving spouses.

Media Contact
Company Name: Liberty Capital Services LLC
Contact Person: James McBain
Email: Send Email
Phone: (614) 505-0620
Address:438 E Wilson Bridge Rd #106
City: Columbus
State: OH
Country: United States