As mortgage rates continue to decline across Iowa and the Quad Cities area, John Cornish of Key Mortgage Group (563-214-1539) is helping homeowners time their early refinance to save on interest payments and closing costs.

Davenport, United States, March 24, 2025 -- As average mortgage refinance rates on 30-year and 15-year fixed mortgages continue to decline across the state, John Cornish encourages Davenport homeowners to understand the full implications of a rate-and-term or cash-out refinance. With his team at Key Mortgage Group, John helps clients time their refinance to maximize savings on interest payments and closing costs.

For more information, visit https://www.qchomeloan.com/

Davenport remains one of the most affordable destinations for aspiring homeowners and ranks second on the Mortgage Research Center's list of affordable cities for couples to buy a home. As refinancing activity continues to increase, John and his team consult with borrowers to evaluate mortgage products and offers in terms of rates, terms, and fees.

He observes that lender fees are among the most overlooked aspects of mortgage refinancing, citing a case of a lender who had charged 2 points - about $10,000 in fees - while offering a rate that seemed 'too good to be true.' Mortgage loan consultations with Key Mortgage Group can help borrowers identify discrepancies in the fee estimate and save on closing costs and interest payments over their loan term.

Refinancing before maturity allows borrowers to lock into a significantly lower rate on a new mortgage and potentially save tens of thousands of dollars over their loan term. It also allows borrowers with private mortgage insurance (PMI) to eliminate PMI payments if the value of their home increases. John Cornish recommends specialized programs for refinancing after renovation or early refinancing based on a borrower's goals and the current drop in rates, which hover above 6.5% on a 30-year fixed mortgage.

Key Mortgage Group also works with first-time homeowners, offering pre-approval services and assistance on down payments, closing costs, and prepayments. The group focuses on a consultative process and borrower education to improve financing outcomes for new homebuyers, homeowners, and investors.

"Trust and transparency are at the heart of our process, and we offer no-obligation consultations so you can ask questions about any aspect of a purchase or refinance," said a spokesperson for Key Mortgage Group. "We create a seamless experience from pre-approval to closing and beyond to put you and your family in the best possible position for success."

John Cornish is a leading Quad Cities real estate broker with over 22 years of experience in one of the nation's most competitive housing markets. He has helped thousands of Quad Cities residents achieve homeownership through tailored pre-approval programs and mortgage lending options. John, his wife Meghan, and their three children are active members of the Davenport community and have raised hundreds of thousands of dollars for nonprofits and community causes through the Key Cares Foundation.

For more information about pre-maturity refinancing in Davenport or 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: 89156057

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