Get a quote on loan refinance options that may help you save money.
Whether you are looking to lower your monthly payment, consolidate debt or take cash out of the equity in your home, our team of mortgage professionals are here to guide you through the process. We have access to numerous loan options that can be customized to best fit your financial needs.
Let’s be honest, the economy is not always favorable to homeowners. In times of turmoil, job insecurity and market crashes, your monthly mortgage payment may suddenly become too much of a burden.
You can refinance your loan to reduce your monthly payment and ensure you get to meet ends in the foreseeable future. This may increase the total cost of your home, but you get to keep the roof over your head and sometimes that’s good enough.
On the other hand, you may be doing better than expected and there may be opportunities to pay off your mortgage quicker, build more equity in your home, and improve your estate.
In either case, refinancing your mortgage can help you achieve your goals, but only if you work with a partner who makes your best interest their main priority.
Real Mortgage Loans is that partner. Contact us and tell us your story and we’ll tell you what opportunities lie before you.
Refinancing an existing mortgage means you’re taking up a new loan, which comes with it’s own requirements.
In order to qualify and get the great rates you’re hoping for, you need to have a good credit score. Another important factor is how much equity you have in your home. Typically, banks will require you to own at least 20% of your property, but the more you have the better terms you can achieve.
Finally, you should also consider how your debt has changed over time. The debt to income ratio will be recalculated, along with the closing costs of the existing loan to see if your new mortgage is still affordable to you.
Your eligibility to refinance your mortgage and get good terms will depend on a dynamic mix of all mentioned factors and other specific details unique to your case. It’s best to contact one of our Loan Officers, who will analyze your financial situation and explore all opportunities to refinance your loan.
It takes just 30 seconds to submit your case to our Loan Officers. Contact us today to get an expert consultation on your mortgage refinance options for free with no strings attached.