Refinance Today (Click on the big image on the page)

If your current interest rate is 6% and up, contact us to see how we may help you get into a mortgage at a lower rate; and depending on your minimum credit scores, we may be able to help you even if your current rates are 5.50% and up.

Before you begin, it’s important to consider why you want to refinance your home loan in the first place.

Lowering your payment is usually the goal. And it’s tempting to refinance with another full 30-year term to really knock down that monthly payment. But that means you’ll end up taking even longer to pay off your house and paying more interest. You’ll want to take into account how much interest you’ve already paid on your old loan and how much you’ll pay with the refinance.

Loans are front-loaded with interest, so the longer you’ve been paying, the more each payment is going toward paying off the principal balance. By resisting the urge to extend your loan term (or, better yet, reducing it) and getting a lower interest rate, you can significantly reduce the amount of interest you pay over the life of the loan.

Choosing a suitable loan term for your mortgage refinance is a balancing act between an affordable monthly payment and reducing your borrowing costs.

Refinancing your home loan, step by step:
1) Determine your goal. It’s always good to refinance for the right reason(s)
2) Learn your current credit score. …
3) Research your home’s current value. …
4) Contact us to shop for a best mortgage rate for you
5) Know your all-in costs. …
6) Gather paperwork. …
7) Lock your rate. …
8) Have cash on hand.

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