Mortgage Refinancing

Your mortgage is your biggest monthly expense by far. By refinancing, your #1 goal should be to have the lowest overall payment. Paying off credit cards or debts that are big expenses or hurting your credit should be priorities for you in order to ensure that you have money left at the end of the month and don't leave unpaid any debts that could be hurting your credit.

Mortgage refinancing and home equity loans refinancing, depending on your individual situation, makes all the difference. Although 30 year fixed rates are attractive these days, what if you plan to keep your home for less than that time? What if your credit is not very good right now? What if the amount you need to borrow is over 80% of your property's value? That is where many borrowers take out the wrong loan by committing to a 30-year mortgage, when they really have a short-term plan for their future.

Did you know it takes almost 10 years to pay off 10% of your principal mortgage balance? If you are planning to keep your home for many years to come, and have great credit, this may be your best option. But what if you need cash out in the future, or what if you only plan to stay in your home a few years?

Since it takes a long time to actually pay down a significant amount of your principal, mortgage refinancing to a 2 year fixed rate loan, 3 year fixed rate loan, 5 year fixed rate loan, or 7 year fixed rate loan may be a better alternative. Rates on these programs average between 1% to 3% LESS than typical 30 year fixed rate loans, which could save you hundreds or even thousands of dollars per month. Many people don't realize that it takes almost 10 years to pay down their mortgage.

That's why we've invested many of our resources to fund 30 year fixed rate loans as well as short term fixed rate loans to fit your overall savings goals, and to maximize your monthly cash flow. Since a small amount is actually applied towards your principal each month, why not keep the money for yourself instead of paying it to your mortgage company by mortgage refinancing?

If you plan to sell your home in the near future, or have credit problems, you will generally pay a higher interest rate for a 30 year fixed rate loan. If you plan on having better credit or selling your home in the near future, you can save hundreds of dollars per month by refinancing your mortgage into a short term fixed rate loan. For more information on all of our programs, contact one of our Credit Managers today to find out which refinance mortgage loan program best fits your short and long-term goals.

We can get you approved up to 100% of your property's value with credit scores as low as 580! Our mortgage refinancing program can get you approved to 95% of your property's value with credit scores as low as 550! Our rates won't be beat-even if you have a big mortgage or can't verify your income. We have every type of mortgage refinance loan available, whether you have perfect credit or your credit score is LESS than 500. Ask about our "No Score Loan" if you have low credit scores or scores less than 500.

Take advantage of your home's equity by rolling all of your bills into your loan and getting the cash out you need to accomplish your short and long term goals. By having one low payment instead of many payments will make your life easier, and help you to keep more of the money you worked hard for...