- America's Source For Refinancing
- Refinancing your home loan can be a good idea for homeowners who:
* want to get out of a high interest rate loan to take advantage of
lower rates. This is a good idea only if they intend to stay in the
house long enough to make the additional fees worthwhile.
* have an adjustable-rate mortgage (ARM) and want a fixed-rate loan
to have the certainty of knowing exactly what the mortgage payment
will be for the life of the loan.
* want to convert to an ARM with a lower interest rate or more
protective features (such as a better rate and payment caps) than
the ARM they currently have.
* want to build up equity more quickly by converting to a loan with a
shorter term.
* want to draw on the equity built up in their house to get cash for
a major purchase or for their children's education.
- 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.
- Deed and Note in your name, not the Sellers.
| Refinance Your Existing Home and take advantage of: | |
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Deed/Owner Financed/Lease Purchase properties can be refinanced and you receive these benefits: |
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Reduces your interest rate and monthly payment in many cases. Current appraised value -
not purchase price is used to |
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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; pay off debts; your dream vacation; boat or
a new car. Most
states now allow loans up to 125% of your homes appraised value.
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