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Sometimes clients are not aware of the different options when
refinancing. You may think switching to a lower rate
mortgage and saving money each month MUST have some hidden
cost or downside.
There are some things to consider, such
as:
Adding to your loan amount if you “roll” the refinance
costs into the new loan.
How long you plan to keep the house versus extending the
time you will pay on a mortgage.
Should you pay “points” or money up front to get a
better rate? Or should you look for a “no cost” loan?
If your income has increased and you have a 30 year
mortgage, how much money can you save over the long term by
refinancing to a 15 year mortgage with a higher monthly
payment?
WE ARE NOT AFRAID TO TELL YOU IF REFINANCING IS NOT
YOUR BEST OPTION!
Your mortgage professional should be your advisor and not just a
salesman. We will analyze a refinance scenario for you. We
will give you clear answers in regards to rewards versus
costs in plain and simple terms AND numbers. There is no
mystery. We will show you the loan costs line by line, what
they are for and what you may gain or lose over time.
IF IT DOESN’T MAKE SENSE – WE WILL TELL YOU
A great percentage of our business comes from referrals. We
would rather you get good advice and feel good about our
company, than “sell you a mortgage at all costs.”
HOW CAN YOU GET QUALIFIED?
1) Click
here to fill out a Good Faith Estimate.
Now we may get you approved
and give you a detailed estimate showing the interest rate
offered, the loan amount, the estimated monthly payment, all
of the costs of the loan and what they are for, and how much
money you will need to close.
2) If you like the estimate, we
will issue you an APPROVAL LETTER and you can go house
shopping!
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