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Refinancing
Lowering Your Payment
Are you looking to lower your monthly mortgage payment? Now might be the best time to do that, since mortgage rates are at all time lows. There are a couple ways to lower your mortgage payment:
- Get a lower mortgage rate- If you can lower the interest rate you are paying on your mortgage you can lower your mortgage payment
- Stretch your payments out- Maybe you have paid down your mortgage in the years you have been in your house. What do you do if those payments are still difficult to make? You can refinance your mortgage and do a 30 year mortgage again. Lets say you only owe 20 years left on your mortgage, by refinancing the balance into a 30yr mortgage you can lower your payment. This is not the best option for everyone, but it may help you.
- A “total refinance”- This combines all your possible options. Such as: Lower Mortgage Rate, removing mortgage insurance or lowering it. And I will also help you to find cheaper homeowner’s insurance and/ or help you to fight your taxes. My goal is help get your mortgage payment lower.
Getting Cash out of your House
If you’re like most people in this economy, times are pretty tough. Do you need cash to do repairs on your home, pay off credit card debt, or help put a child thru college? It’s possible you can refinance your mortgage to get cash out of your home. If you have equity in your home, we can most likely refinance your mortgage and help you get that cash. In Texas you are allowed to finance up to 80% of your home’s value when taking out cash. The first step in finding out how much cash you can get out of your home is finding out how much your home is worth. Call me today and lets find out what your home is worth.
Reducing the length of your Mortgage
Maybe you would like to reduce the length of your mortgage. This is a great idea because mortgage rates are usually lower on a short term mortgage then a longer term. This means a 15 year mortgage has a lower interest rate then a 30 year mortgage. For more reasons to refinance your mortgage check out:
8 Great Reasons to Refinance Your Mortgage
You Need to Refinance Your FHA Mortgage Before Oct. 4th
If you are thinking of refinancing now is the best time to call me. If you live in Harris County, Fort Bend County, Brazoria county, Montgomery County or anywhere in Texas call me today to refinance.
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