Your One-Stop Real Estate Guide (866)-866-5358
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Refinancing Resource
When refinancing a home there are seemingly unlimited loan programs available, so make an informed decision by knowing your credit score, researching your loan options, and choosing the right lender or broker for your needs.
Contact us toll free today to discuss your options!Our agents will assist you from start to finish.
What are the Advantages of Refinancing?
When you refinance you pay off your existing mortgage with the proceeds from a new loan. Some advantages:
Lower your monthly payments Many homeowners consider refinancing as interest rates drop. Lowering your interest rate can reduce your monthly mortgage payments.
Pay off your mortgage faster
Refinancing to a shorter mortgage
term allows you to build your home
equity faster. You could save
thousands of dollars in interest
charges over the life of your loan. Take cash out of your property
You may be able to refinance your
first mortgage for more than what
you currently owe, allowing you to
take cash out of your property. Borrow against the equity in your home Mortgage interest rates are often less than other consumer loans and are usually tax deductible. Contact your tax advisor for more information about deductibility.
Lenders and Brokers
Lenders, such as banks and credit unions, look at your income, assets, credit score, and debt-to-income ratio to determine your eligibility for refinancing. Today’s competitive and difficult housing climate has created greater risks for the consumer and this gives lenders the choice to work with only the most financially fit clients.
If you do not fit the lender’s mold, you may
want to look at using a broker. Brokers are
middlemen, like Sapphire
Realty, who work with individuals with
varied financial histories. We use multiple
lenders and loan products and can be more
flexible and creative to meet your needs.
In short, we will work with you to search for the best lender and loan to meet your real estate needs!
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(866) 866.5358 | Fax: (619) 298.5616 3110 Camino Del Rio South, Ste. 311, San Diego, CA 92108 |
