You owe it
to yourself to see exactly how much you can save. Rates could go up
tomorrow, don't miss the boat.
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| 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 check and
see.
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 benefits |
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FHA & VA loans
can be refinanced with a
streamline option that is very cost effective and requires very little work.
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Lower interest rates resulting
in lower monthly payments
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Consolidate
debts, get rid of those higher
interest rates on your home improvement and swimming pool loans, credit card
balances. Have
one lower payment with better terms and tax deductible
interest.
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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 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.
3 Easy Steps
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Not
sure what
you want to accomplish? Use one of our Free Reports to give
you the information You need to make a better
decision |
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| 1 |
Once
you know what
you want to accomplish? it's easy to get started & secure |
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| 2 |
Your personal loan coordinator will
review your goals and perform a search for you, present &
explain your various offers in simple easy to understand terms so that
you can make the best decision. |
| 3 |
You pick
the best offer,
your coordinator will walk you through the process |
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Should You
Take Advantage of an Equity Loan?
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| An Equity
Loan 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
-
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.
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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 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.
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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.
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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.
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Refinancing with Special Situations
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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
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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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