Refinance

Refinancing your Adjustable Rate Mortgage to a low fixed rate mortgage might be a good idea if your monthly payments have increased to a point where you are not able to make your payment or if you are concerned that further interest rate hikes will result in future payments becoming unbearable.

It is possible your new rate might be slightly higher than what you are currently paying or at least were paying before your mortgage rate adjusted, however with a fixed rate you will be able to go to sleep at night with peace of mind- that your monthly payment will be level during the entire term on the loan.

mortgage-refinance-application

A Cash-Out Refinance Loan might be a good strategy to fund a new business, to pay for unexpected medical expenses, or other financial emergencies. However, it is important to way all of your options and calculate the short and long-term financial ramifications.

mortgage-refinance-application

We recommend consulting with your CPA, attorney, and/or financial advisor before refinancing or making a new home purchase.

Is Refinancing Right for You?
  • • How long do you plan to own your home?
  • • How much is the new mortgage going to cost?
  • • Are you going to have to pay prepayment penalties?
  • • What are the tax implications?
  • • How much are you currently paying in credit card fees and high interest loans?
Why Refinance?
  • • To lower your interest rate (dependent upon applicant)
  • • To acquire a level payment (fixed-rate mortgage)
  • • To turn equity into cash (cash-out refinance loan)
  • • To improve features of your ARM
  • • Debt Consolidation
Veteran Home Loans
Veteran Home Loans