Directors Mortgage Offers Refinancing Services in Oregon

Directors Mortgage is offering Oregon residents an opportunity to refinance their mortgage rates to lower their monthly payments.

Vancouver, WA (prHWY.com) September 25, 2012 - Lake Oswego, Oregon (September 10, 2012) - Directors Mortgage is offering Oregon residents an opportunity to refinance their mortgage rates to lower their monthly payments. With reduced monthly mortgages, homeowners can save a significant amount of money during the life term of their loan.

According to the Federal Reserve, homeowners can have their mortgages refinanced when they want to reduce their interest rates or when they want to adjust the length of their loans. Longer period terms usually have higher payment terms compared to shorter loan term periods.

Mortgage brokers advise homeowners that the best time to refinance their mortgages is during a bear market. Mortgage rates during these periods tend to be at their lowest and lenders are looking to close as many home loans as they can. Wise homeowners can use this time to refinance mortgage loans and get the lowest rates as well as great terms and very low prices.

However, mortgage brokers also warn homeowners against refinancing their mortgages in stable economic times when home values usually go up and homeowners see a marked increase in their disposable income. When the market is active, mortgage and interest rates tend to be higher than recessionary period rates.

Loan specialists at Directors Mortgage can advise clients regarding the benefits of refinancing. Aside from lowering their existing mortgage rate, refinancing allows the homeowner to convert their adjustable rate loan into a fixed rate. This keeps the interest rate steady, insulating it from market fluctuations.

Directors Mortgage has been serving the mortgage requirements of its clients for the past 30 years. The firm serves the communities of Oregon, Washington, Idaho, and California and has grown into an established name in the Northwest mortgage industry.

For more information about refinancing, visit www.DirectorsMortgage.net.

About Directors Mortgage

Directors Mortgage is a home loans provider that offers fixed rate as well as adjustable rate loans to suit their client's unique mortgage needs. The company also offers an online mortgage calculator to help homeowners make informed decisions on their mortgage concerns.

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Tag Words: refinance mortgage, mortgage brokers

Categories: Finance

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