| Should You
Refi? |
| The
risk involved in refinancing your current mortgage is nearly non-existent. If
you think you'll save money by refinancing, now is a good time to act.
Thousands of people refinance their homes and save money every day, look at
some of the benefits of refinancing today.
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Refinancing your home loans can allow you to take advantage of these benefits |
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Lower interest rates resulting
in lower monthly payments
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Consolidate
high
interest rate, 2nd liens, home improvement and/or swimming pool loans or credit card
balances into
one lower interest rate mortgage and better terms and tax deductible
interest costs
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Make Home Improvements and make your
home a better place to live.
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Get Cash Out to spend as you
wish. Use it for vacations, tuition, starting a business.
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Shorten your term to Build Equity Faster.
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Trade your ARM in for a fixed rate loan and
lock in long term savings.
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Current appraised value - not
purchase price is used to calculate LTV ratios. (if you have owned the property
for over 6 months) You may be able to avoid PMI costs.
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Pay off balloon payments or call provisions
on your current loan.
|
| Click
to apply |
Download
an application to fax to us |
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| Should You
Take Advantage of an Equity Loan? |
| An Equity
Loan can allow you to take advantage of these benefits |
-
Lower interest rates resulting
in lower monthly payments
-
Consolidate
high
interest rate, 2nd liens, home improvement and/or swimming pool loans or credit card
balances into
one lower interest rate mortgage and better terms and tax deductible
interest costs
-
Make Home Improvements and make your
home a better place to live.
-
Get Cash Out to spend as you
wish. Use it for vacations, tuition, starting a business.
-
Current appraised value - not
purchase price is used to calculate LTV ratios. (if you have owned the property
for over 6 months) You may be able to get more cash out or get a lower
rate.
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You may qualify for a 125% equity loan or
title 1 home improvement loan.
|
| Click
to apply |
Download
an application to fax to us |
|
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|
Contract for Deed, Owner Financed & Lease Purchase Buyers
In addition to the benefits
above, you can receive these benefits |
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Peace of mind knowing the property is
really yours now
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Deed and Note in your
name, not the Sellers.
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The freedom to improve your home as
you desire.
- Reduces your risk of losing
property and accrued equity.
- Reduces your interest rate
and monthly payment in many cases.
- Current appraised value - not
purchase price is used to calculate LTV ratios. (if you have owned the property
for over 6 months) You may be able to avoid PMI costs.
- Interest on your new mortgage can be tax
deductible.
- Property tax you have been paying can be tax
deductible.
- Pay off balloon payments.
|
| Click
to apply |
Download
an application to fax to us |
|
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| Cash-Out
Re-Finance: |
| Homestead law's have changed and now allow homeowners
to
take advantage of their home equity by refinancing your existing home to put their
cash equity to use.
You can take this equity and spend it on whatever you
choose: children's education; paying off debts; your dream vacation;
a new boat or a new car. Most states
now allow loans up to 125% of your homes appraised value. 125 loans have
tighter underwriting guidelines than loans up to 100% of property value.
|
| Click
to apply |
Download
an application to fax to us |
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| Special
Situations: |
Some of the special
situations we help with include
- Estate settlements
- Divorce settlements
- Foreclosure avoidance (requires
equity of 20%)
- Paying state and federal tax liens
- Paying judgments
- Paying off collection accounts
- Paying off bankruptcies (chapter 13
plans require trustee approval and a good pay history)
- Paying off consumer credit counseling
service repayment plans
|
| Click
to apply |
Download
an application to fax to us |
|
There may be substantial
income tax advantages. The
interest paid on loans secured by real property is deductible, as long as the
loan balance or combination of loan balances does not exceed the value of the
property. Please get professional tax advice.
Refinancing with cash out may seem like
found money, remember that it will have to be repaid like any other loan.
Your property is being used as collateral and is at risk if you fail to make
your loan repayment.
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