Mortgage Has Changed
About Refinancing
Whether you want to shorten your loan term, free up cash for home improvement, reduce your interest rate, or convert to an ARM, a refinance is essentially a brand new mortgage that replaces the one you have.
We Know What Works
Unlike a mortgage banker, who only offers one bank’s products and uses the bank’s funds to originate loans, a mortgage broker offers loans from a variety of lenders, and the lending companies provide funds for the mortgage. Because mortgage brokers’ experience and capabilities can vary, shopping around is your best bet to find not only a good personality fit, but also a broker who has the right knowledge to support your home buying experience.
Mortgage brokers are licensed and regulated financial professionals who act as the bridge between borrowers and lenders. They originate loans and help you connect with a variety of lenders who best fit your financial situation and rate requirements.
/mortgage-broker1-4eb1e0febc8548dc8e1b26a407116fff.jpg)
Mortgage Broker
If you are a homeowner, you may have considered refinancing your current mortgage. Refinancing can offer many advantages to help you meet your financial goals. If you are just starting to look into refinancing, or have been thinking about it for a while, here are three benefits that you should consider.
Lower Interest Rate
It may be possible to obtain a lower interest rate by refinancing your current mortgage loan. A lower interest rate means that your monthly mortgage payments would be lower. This could save you money monthly or you could make payments directly to the principal of your loan, allowing you to build your home equity quicker and reducing your interest. A lower interest rate is the most popular reason that homeowners choose to refinance.
Cash Out Your Home Equity
You can take advantage of the equity you have built in your home with a cash-out refinance. To take advantage of this, you would refinance your current mortgage for more than the amount you owe, and keep the extra money. For example, if you owe $150,000 on a home worth $250,000, you have $100,000 worth of equity in your home. You could refinance your home for $175,000, and receive a check for the $25,000 difference. You could use this money for home improvements and remodeling, or any other household needs you may have.
Change Your Loan Type/Term
Another refinancing option is to shorten your loan term, so you pay your home off in less time. For example, you might switch from a 30-year loan to a 20-year loan. This would allow you to build equity faster, and pay off your loan in less time, with the same (or marginally higher) monthly payments. If you have an adjustable-rate or interest-only loan, you may be able to refinance to a fixed-rate loan product that may save you money over the life of your loan, and may allow you to build equity.
What We Do Best
Apply For A Loan
Cash-Out Refinance
Credit Check
FHA Streamline Refinance
Change Your Type or Term
VA Refinance Loan
Qualified Lender
Lock Your Rate
