Can the EMPP program be an alternative to refinancing?
Yes. The EMPP program helps you save thousands of dollars in mortgage interest and pay off your mortgage loan up to 8 years earlier — with none of the headaches or costs of refinancing. With EMPP, there is no application, no financial disclosures, no change in your original interest rate or present loan documents. Of course, if you’re currently in the process of refinancing, or if you plan to refinance in the future, you can transfer the EMPP program to your new mortgage free of charge, and effectively reduce your interest rate even further. More than just an alternative, EMPP is an ideal companion to refinancing.
