MORTGAGE REFINANCE SERVICES
You can refinance your mortgage if you have equity in your home. What is home equity? Home equity is the real property’s current market value less any liens (All mortgages, home Lines of credits) that are attached to that property.
Homeowners have access to up to 80% of their property value.
Why do you refinance your mortgage?
Homeowners could consolidate their debts by refinancing their mortgage. Here is the benefit of refinancing.
- By combining debts, the homeowner saves a lot on a high-interest-debts like credit cards, lines of credits, 2nd mortgages, even private mortgages.
- Mortgage interest rates are generally much lower than other types of debt. Hence homeowners reduce interest costs, improve cash flow and help facilitate savings.
- If a homeowner is tied to a higher rate contract, we encourage him to take expert advice. Interest rates fluctuate regularly. If the current rate is lower than what you are paying, it makes sense to refinance your home at a lower rate.
- Reinvesting the funds from refinancing proceeds could give homeowners a better return.
