Posts Categorized: Refinancing

Refinancing is a good idea when Mortgage interest rates are currently pretty good, and that means that it might be time to think about refinancing your current mortgage loan. Below, we are going to highlight some of the benefits of refinancing your loan. Refinancing: High-Interest Rates If your current interest rate seems like it might…

Continue Reading

Refinance & Reduce Your Balance Faster: Refinance and reduce your balance a lower interest rate, you pay more principal with each payment, especially in the first years of the loan. EXAMPLE: After five years of payments on a 30-year loan of $200,000 at 4% you would pay $19,706 in principle vs. $17,105 on the same…

Continue Reading

The Application: After determining that refinance will be beneficial for you, we can start the application which is very similar to the original application once you bought the house. Your loan officer will collect the initial documents which could consist of assets, income and other verification. Processing: Next, it’s getting the processing started which is…

Continue Reading