The New York Times recently posted an article about a new tool available to refinance your house. All you have to do is go to Bills.com to check out the refinance calculator. This calculator will help you figure out if refinancing is an option for you.

It’s pretty easy. All the user has to do is enter the loan amount, with the location of the home, duration of loan, rate and your personal goals. It’s a great way for you to save time of filling out all the paper work of refinancing, only to find out in the end that it’s not an option for you.

The refinance calculator bases it’s answers on current rates and costs. A plus is that it gives you possibilities of what you would be saving over time by refinancing.

If the refinance calculator says you are eligible.  Ask to speak to our Finance and Mortgage Officer.