Refinance – When Does it Make Sense

Refinance – When Does it Make Sense

Refinance – when does it make sense?

Here are some good rules of thumb from our blog located at

When considering refinancing your home with Fairway Independent Mortgage Corporation – The Kelso Group, it is important to determine what goals you have for your short-term and long-term finances. When you refinance, you pay off your current mortgage loan with a new mortgage loan that has rates and terms that should better suit your overall financial needs.

There are many ways that refinancing your home mortgage loan could benefit you:

  • Reduce your interest rate – If your home is currently financed at a higher-than-market rate, you may be able to reduce your interest rate and overall interest costs by financing at a lower rate. Over time, this could save you a great deal of money!
  • Extend terms to lower monthly payment – You may be able to extend the repayment time of your loan, which will also lower the monthly payment. If you are looking to improve your cash flow, this may be a good option for you. Just keep in mind that you will be making payments on your home for a longer period of time.
  • Build equity faster – You may also be able to shorten the term of your mortgage, which could reduce your interest rate and/or overall interest expense. By moving to a 15-year fixed rate, you might be able to pay off your home sooner without increasing your monthly payment by much.
  • Change from variable to fixed rate – You may be able to reduce your monthly payment by changing from a variable-rate to fixed-rate loan. This may help free you from the potentially expensive interest rate/payment fluctuations that can occur in a volatile real estate market by locking in a low, fixed interest rate.

The bottom line is that there are many ways to save money and benefit from refinancing!

Cary Michael Cox

Welcome to My World

Welcome to My World

My world is my website to share my world about Cary Michael Cox.

The passions & interests in my world that I have and make me unique . As you can see from my website, I am interested in Krav-Maga/Martial Arts, Texas Longhorn Athletics, Texas History, Politics, the Mortgage Industry, and Family. I hope to share some of the reasons for these interests and provide good information on each of these topics.

To be honest with you, I have had a passion for each of these since childhood. Being a 5th Generation Texan obviously explains almost all of them. Texans believe in defending oneself, family, home, and friends. So being interested in Martial Arts later finding what I think is the ultimate self-defense system in Krav-Maga came natural.

Texans by nature are big family people and I deeply care for my family.

My father and uncle went to the University of Texas. They took me to Longhorn games as a young boy. My first game was when I was five years old. Moreover, I fell in love with The University of Texas and graduated there myself.

In addition, what Texan doesn’t love Texas History? We were are own nation, we had The Alamo, won a war with Mexico in the shortest battle ever for independence, have had Texans become presidents, NASA. The list goes on and on. I just love my state!

My love for politics stems from my sense of right vs wrong. Being independent, and the belief that are Founding Fathers were divinely inspired to write the greatest document for freedom know to man, The Constitution of The United States.

I came to the mortgage industry through my love of real estate. I grew up fascinated with homes, don’t ask me why as my dad was a petroleum engineer. Nonetheless, I started out in the real estate business and after a decade became involved in the mortgage industry

As I build my site out you’ll learn more about my world. My passions – the history, the funny anecdotes, and a whole lot more.

Cary Michael Cox