Lender Shares 3 Important Questions to Ask Before Refinancing

They encourage Charleston residents to ask three crucial questions before refinancing their mortgages in order to determine whether refinancing is a sound decision for their individual cases.

Charleston, SC (prHWY.com) October 19, 2012 - Charleston, South Carolina (August 3, 2012) - On top of helping clients understand debt consolidation in South Carolina, lending company Churchill Mortgage Corporation is sharing information on mortgage refinancing. They encourage Charleston residents to ask three crucial questions before refinancing their mortgages in order to determine whether refinancing is a sound decision for their individual cases.

Refinancing allows homeowners to restructure their mortgage loans with a goal toward lowering interest rates and/or monthly payments. With interest rates currently at all-time lows, a good number of homeowners are asking themselves whether or not to they should take advantage of refinancing their mortgages from South Carolina banks and lending institutions.

Churchill Mortgage advises homeowners considering mortgage refinancing to first ask what they hope to accomplish through the process. If the goal is to have extra money to pay off debt, mortgage refinancing could work, although another option is to take advantage of South Carolina debt consolidation programs.

Churchill Mortgage also advises homeowners to ask how much they can save over the life of the loan. Although - as mentioned earlier - a homeowner can obtain ready money through debt consolidation in South Carolina, refinancing can potentially result in considerable savings, which can then be used to pay off loans.

The third question is how long the homeowner intends to stay in the house. Despite its possible benefits, refinancing the kind of mortgages South Carolina lenders offer does have associated closing costs. Homeowners are advised to stay in their houses long enough to at least recoup these costs.

Through these three basic questions, Churchill Mortgage Corporation hopes that South Carolina residents would be able to make better decisions on mortgage financing and other related financial matters. To know more, visit South-Carolina.ChurchillMortgage.com today.

About Churchill Mortgage Corporation

Churchill Mortgage Corporation is a lending firm specializing in South Carolina debt consolidation, debt restructuring, mortgage loans, and mortgage refinancing. For the past 20 years, they have remained committed to upholding best practices in lending and to promoting financial education among existing and would-be homeowners in their service area. For more information, call 877-466-3890.

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680-B St. Andrews Blvd., Charleston, SC 29407
877-466-3890

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