JTS & Co. offers refinance options to customers throughout Mississippi and Alabama.  We are located in Columbus, MS.  Contact us today for a free consultation.

Refinancing is the process of obtaining a new mortgage in an effort to reduce or eliminate mortgage insurance, lower your interest rate or monthly payment, take cash out of your home for renovation or debt consolidation. You could also possibly shorten the term of your loan. Most people refinance when they have equity in their home. Equity is the difference between the amount owed to the mortgage company and the value of your home.


1. Lower Payments or Shorten Loan Term

Refinancing may help you lower your interest rate, lower your monthly payment or shorten your loan term.

If you plan on living in your home for the next several years refinancing may be an option for you. 


In the long run, the cost of a mortgage refinance will be paid for by the monthly savings gained. However, it is important to calculate a break-even point if you are opting to refinance.



2. Fixed Rate Mortgage from an Adjustable Rate Mortgage.


An Adjustable Rate Mortgage (ARM) is a home loan with an interest rate that can change periodically. This means that the monthly payments can go up or down.  


A Fixed Rate Mortgage (FRM) has the same interest rate for the life of loan. In other words, your principle and interest won't change. 

FRM is the popular choice of mortgages because it offers predictability and stability for your mortgage. 

3. Eliminates Private Mortgage Insurance (PMI)​

Low or zero down payment options can allow buyers to purchase a home with less than 20 percent down. Certain loan options require private mortgage insurance. PMI is designed to protect lenders from borrowers with a loan default risk. As the balance on a home decreases, and the value of the home itself increases, borrowers may be able to cancel their PMI with a mortgage refinance when you reach 78 to 80 percent Loan To Value (LTV) .



4. Cash Out A Portion Of The Home's Equity


Generally, most homes will increase in value, and are therefore a great resource for extra income. Put some of that cash to good use. Purchase a vacation property, buy a new car, pay your child's tuition, perform home improvements, pay off credit card debts or take a much needed vacation. 

JTS & Co Mortgage Professional NMLS #55275 |                               


4158 Hwy. 45 North, Columbus, Ms 39705 |                                       | Fax: 662.329.9020

Office: 662.329.9090

"A Mississippi Licensed Mortgage Company" 
"An Alabama Licensed Mortgage Company" 
"These materials are not from HUD or FHA and were not approved by HUD or a Government Agency"

  • Facebook
  • Instagram
  • YouTube

© 2020 by JTS & Co. Mortgage Professional. Proudly created with