Home Loan Review
Let us review your current home mortgage so we can explore your refinancing options
We recommend that all homeowners review their mortgage at least once or twice per year. This review should involve more than just “What’s the rate?”, but also other factors. See the scenarios that may have a potential benefit to a refinance.
Home Value: As the value of a home increases - it creates opportunities such as:
- to remove mortgage insurance [See notes below]
- to lower the mortgage insurance premium
- to pay off consumer debt (car loans, credit cards, etc.)
- to pay off student loan(s)
- to pay for college tuition
- to shorten the loan term
- to pay off a second mortgage (or HELOC)
- to pay for remodeling or major home repairs
or a combination of events.
Note: FHA Mortgage Insurance (MI) current guidelines are as follow:
- Borrowers who put down payment less than 10 percent must pay mortgage insurance for the entire loan term.
- Borrowers who put down at least 10 percent down payment can have the mortgage insurance removed after 11 years of payments.
If you think you may benefit from doing a refinance, please send us a message below describing your situation and what you are intending to do and we will work together to come up with a solution that best suits your needs.
If we can be of assistance, please let us know!
