Refinance Your Home
Are you wanting to pay off your home quicker, lower your interest rate, or get a different type of loan? Refinancing may be right for you. Schedule your FREE consultation with us to discuss the options that are best for you.
Overview
Refinancing is a great choice for those who are wanting to replace their existing mortgage with a better one. People often refinance to lower interest rates, thus resulting in a lower monthly mortgage payment. Some choose to refinance to shorten their loan term or even to “cash out” on their home’s equity.
Although it’s a great option for many, refinancing isn’t for everyone. If you have any questions regarding refinancing, or for advice on whether or not you should refinance, call us today.
Is Refanancing Worth The Price?
People who choose to refinance do so for different reasons. If lowering your interest rate, changing to a fixed-rate loan, or shortening the term of your home’s loan is something you are interested in, then yes. Refinancing is worth the price.
What Fees Do are Associated with Refinancing?
Fees vary based on the principal of the original loan. Refinancing fees are similar to those of financing the original loan. Appraisals, application fees, and other fees may be associated with refinancing.
What is the Process?
Refinancing your home mortgage consists of paying off the original mortgage and replacing it with a better one. Similarly to buying a home, the higher your credit score, the better the loans you can get. The first steps you should take before refinancing is looking at your financial state. Figure out if you can afford to refinance, and make sure your credit score is good. After figuring out how you want to refinance, why, and how much you can afford, you should contact your lender to decide what route is the best for your refinancing needs. Be sure to gather all paperwork you’ll need such as bank statements, pay stubs, and tax returns. Your lender will use all of these documents to determine which loans you’re eligible for. Once you’re approved for refinance, you may need an appraisal. In which case, you’ll prepare for and complete the appraisal process. This will tell you how much your home is currently worth. After all paperwork is finished, you’ll close on your new loan. The refinancing process can vary case by case depending on equity, credit score, and more factors.
What You Can Get with Refinancing
If you’re considering refinancing your current mortgage, come in for a free consultation. We will discuss all of your options, the process, and give you advice from professional lenders. We will be with you every step of the way.
Lower Interest Rates
Fixed Interest Rates
Shorter Loan Term
Different Type of Loan
Lower Monthly Mortgage Payments
Pay Off your Home Faster
Get Cash for your Home's Equity
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