Quad Cities mortgage lender John Cornish of Key Mortgage Group (563-214-1539) announced refinancing pre-approval support for homeowners seeking lower rates.
-- As the average rates on 15-year and 30-year mortgages continue to retreat in the new year, John Cornish and his team are now prepared to help more Rock Island homeowners benefit from rate-and-term refinancing. 30-year mortgage rates dropped below 6.9% and may decline in the coming months.
For more information, visit https://www.qchomeloan.com/
While the Federal Reserve remains cautious in its policy adjustments in anticipation of changes by the new administration, the Quad Cities housing market remains strong, and refinancing is picking up, explains Cornish.
Ahead of the spring homebuying rush, John reports that even the slight rate decline is prompting some homeowners to refinance and save hundreds of dollars in mortgage payments. He cites the recent example of Brandon and Taylor, who refinanced their home in early February, dropping their rate by 1.5%—lowering their monthly payment by $297.
The long-term benefits of this transaction include a projected $100,000 in savings over the life of the loan. The refinance was structured so that the homeowners could skip two months of payments and get an escrow refund, which would save them an additional $8,000.
John highlights the importance of making wise financial moves based on careful research and expert advice. His team's pre-approval toolkit and personalized refinancing assistance help homeowners decide whether the loan terms, products, timing, and refinance rate favor their financial goals.
The team works with first-time homebuyers, homeowners, and investors in Rock Island and Moline on the Illinois side and Davenport, Bettendorf, Pleasant Valley, and Eldridge on the Iowa side of the Quad Cities area.
"We are thrilled to help homeowners across the Quad Cities area make smart financial moves that protect their investments and lead to long-term savings," says John. "Just this month, we have seen homeowners save hundreds of thousands of dollars in interest through smart refinancing."
For over 22 years, John Cornish has helped thousands of Quad Cities residents purchase and refinance homes to meet their financial and life goals. A longtime Davenport resident, John is an alumnus of St. Ambrose University and is deeply involved in charitable events and campaigns in the local community.
For more information about mortgage refinancing in Rock Island and the Quad Cities area, visit https://www.qchomeloan.com/
Contact Info:
Name: John Cornish
Email: Send Email
Organization: John Cornish - Mortgage Lender
Address: 5189 Utica Ridge Rd. , Davenport, IA 52807, United States
Website: https://www.qchomeloan.com/
Source: NewsNetwork
Release ID: 89153029
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