Refinance
You Decide the Payment Terms
Life is changing fast. The mortgage you signed years ago might be holding you back from doing the things you want to do now. A homeowner with good credit and some equity in their property could save an average of $215 per month by refinancing.* Refinancing can also offer you the opportunity to take cash out to finally do that bathroom remodel you’ve been putting off, or even a down payment on the vacation home you’ve been dreaming about. How does an extra $60,000 sound? It’s definitely possible!
Pick Your Purpose: Lower your interest rate, lower your payment, shorten your term, take cash out, or all of the above
Lower Your Interest Rate
You’re not getting the same interest rate on your savings account that you did 15 years ago, so why should you be paying the same interest rate on your mortgage? The rate you “agreed to” for 30 years is not set in stone. As the market fluctuates, you have the option to look into new rates that might be more beneficial to you.
Lower Your Payment
Working on your credit score or hoping to get rid of mortgage insurance? Now might be the right time to save some extra money each month. It could go to pay your student loans, your car payment or even the grocery bill. We’ve help clients save up to $600 a month!
Shorten Your Term
Have a 10-year plan to move into your forever home? Shortening the term of your mortgage is a quicker way to build equity in your home so you can have more to put down when the time is right. Retiring in 8 years? Make sure your mortgage is payed off then, so you can enjoy time traveling and with grandchildren.
Take Cash Out
As property values increase or you make improvements to your home, you might have the option to take cash out of the equity of your home for other projects or investments.
We’ll work with you to understand what you want to get out or your refinance and quickly advise you if it’s the right decision to make.
Why Work with Partners In Mortgage?
You want the best rate possible, and we’ll help you get it. There are many options when it comes to types of mortgages and many lenders to choose from. We’ll guide you in selecting the best combination for your situation. The best part? It’s free advice. Our fee is included in the interest rate and we are compensated by the lender.
*Black Night's November 2015 mortgage monitor
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