Ready to refinance your mortgage home loan? How will this all work? We all know that the economy has been tough on the housing market, that is why the government has introduced new refinance opportunities for homeowners who have lost equity in their homes. These new refinance plans will allow these homeowners to take advantage of the historically low interest rates that have been made available today.
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Each homeowner may have different goals for their mortgage. Whether you are interested in lowering your mortgage payments, lowering your interest rate or paying off your home loan early, a refinance may be the right choice. Speak with a loan officer and share your financial goals. We will be happy to recommend refinance loan options to fit your situation.
Each homeowner has a different financial situation and may be eligible for different home loan options. Below are some of the top refinance home loan options. Whether you have substantial equity in your home or if you are underwater on your mortgage, we have home loan options to assist you.
We recommend a 30 Year Fixed Mortgage to lock in your payments for the life of your loan. Refinancing to a 30 year fixed will allow you to have comfortable home loan payments. With fixed payments, your mortgage refinance will be a smart safe refinance choice.
We specialize in Jumbo Loan Mortgage refinancing for large home loans. If you owe over the $417,000 limit in most areas, a Jumbo loan refinance may be right for you. We offer low payment Jumbo ARMs up to a 30 year fixed jumbo loan refinance.
To pay off your home loan quickly, we recommend a 15 Year Fixed Mortgage. Refinancing to a 15 year fixed mortgage will allow you to take advantage of very low mortgage rates and be debt free in half the time of a standard 30 year fixed rate mortgage.
Try an Adjustable Rate Mortgage (ARM) for the lowest mortgage refinance payments. While an ARM refinance may not be the best home loan for most home owners due to the extra risk, those that are comfortable with their loan terms may save big!
"I also want to point out that millions of other households could benefit from historically low interest rates if they refinance, though many don't know that this opportunity is available to them... an opportunity that could save families hundreds of dollars each month. And the efforts we are taking to stabilize mortgage markets will help these borrowers to secure more affordable terms, too." - President Barak Obama
A HARP Refinance may allow a home owner to refinance to a lower mortgage rate or shorten their mortgage term regardless of the home's current value.
"Refinance your mortgage with no appraisal, no income documentation, no application fees and limited paperwork!"
A FHA Streamline Refinance is a mortgage option only available to homeowners that currently have a FHA mortgage. It may allow a homeowner to refinance to a lower mortgage rate or shorten their mortgage term regardless of the home's current value. Many times there are no closing costs and a home owner can skip up to two mortgage payments.