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·
Lower
your interest rate.
By refinancing your existing mortgage into a lower
interest rate you can generally save
money on your monthly mortgage
payment.
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· If
you currently have an
Adjustable Rate Mortgage (ARM),
it
might be time
to
consider refinancing into a fixed rate
loan. If
you lock your new mortgage
into a lower fixed rate loan,
you
won't have to worry about future rate
adjustments.
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· Consolidate
other debts into a new mortgage which will
decrease monthly
payments and/or increase the amount of
interest deductions from your taxes.
(Consult your tax
advisor)
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· Combine
your 1st and 2nd mortgages into 1 monthly mortgage payment.
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· Pay-off
a large balloon payment that maybe coming due
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· To
shorten the term of a loan and pay it off more
quickly. This could possibly
save you thousands of dollars in
interest charges over the life of the loan.
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· Save
your home from future foreclosure
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· Clear
Tax Liens, Judgments, Collections, (Involuntary
Liens)
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· Cash-Out
refinance. Obtain CASH from the new refinance
loan to be used for
just about any purpose!!
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