Mortgage Refinance Loans: Top reasons to refinance
Lower your monthly payment. You can lower your monthly mortgage payment by extending your mortgage term and / or by lowering your interest rate. If that’s your goal, investigate 40-year mortgages, interest-only payments and adjustable-rate mortgages (ARMs). These programs have some trade-offs, so review their pros and cons before proceeding.
Lower your interest rate. Refinancing to a home loan with a lower interest rate may reduce your monthly payment and will reduce the total interest you pay. Consider 15- or 30-year fixed home loans; or, if you're looking to sell your home soon, ARMs and hybrid ARM mortgages that carry the lowest mortgage rates before they get adjusted.
Refinance an ARM to a fixed-rate. If you plan to keep your home for a long time, a fixed loan with a higher rate than your current ARM makes sense.
Home Equity Loans
Need Cash? Credit card interest rates have skyrocketed while mortgage rates have remained at an all time low. There are 2nd mortgage programs that allow you to clear up debt while enjoying tax benefits. If you want cash to renovate your home, pay college tuition, consolidate debt, or for any other reason, cash-out refinances and home equity loans were made for you.
New Home Purchase
We work with lenders allowing the transaction with an LTV up to 100% and with brokers with over 10 Years of experience helping bad credit home buyers. Our partners offer: FHA loans, lonas for any credit scores, Government-supported first time home buyer programs. If we are able to match you instantly, you will be shown a lender or list of lenders in your area. All of the lenders provide their terms in a language that is easy to understand. You are under no obligation to accept any of the quotes or loans provided by participating lenders. Simply look things over and choose the loan offer
that works best for you.
FHA Loans
FHA mortgages are good for borrowers who need to finance more than 80 percent of their home’s purchase price or appraised value. FHA loans carry advantages and drawbacks that you should be aware of before you decide that an FHA mortgage is right for you. We work with FHA-approved lenders allowing low down payment home purchase.
VA Loans
U.S. Department of Veterans Affairs guaranties mortgages for veterans and service persons. The Department does not make loans, you should locate a lender to obtain a VA loan. Our participating lenders offer: Loans with the maximum 25% guaranty of the 2010 VA Limit. Maximun VA limit loans: $460.000 - $1,094,625 depending on property's State and County. No down payment is required.
Do I Qualify for a Mortgage?
It is still possible to get a mortgage and buy a home, even if your credit history is imperfect. Qualify for a mortgage with bad credit by working to improve your credit score and establishing that you are an acceptable lending risk. We're here to help you to compare various options so you can choose on what is right for you. Online pre-qualification is free and there's no obligations.