Refinance
The following overview is intended to provide homeowners with information on how our staff may assist you in lowering your mortgage interest rates, and consolidating your high interest credit cards, and other high interest debt into one loan with one low monthly payment. The Three Primary Goals Nearly all borrowers wish to achieve one of three types of goals when refinancing, the first and most common is to consolidate debt. If you have large payments on a number of high interest loans, by refinancing you can receive the many benefits available through our fast and easy refinance program. Now is the perfect time to lock into a fantastic lower rate, at the same time pay off those high interest credit cards and loans, and consolidate your debts into one loan with one low monthly payment. And remember, mortgage interest paid is usually tax deductible (consult your tax advisor). When our fantastic interest rates are combined with debt consolidation you may well save $200, $300 or more, every month. In fact, many of our clients are able to reduce their household expenses by $500, to $700 even $1,000 or more each and every month! Please click here to learn more about debt consolidation. The second goal some homeowners have is to simply pay off their current mortgage at a reduced rate of interest thereby lowering their mortgage payment each month and improving their family budget. You may also wish to reduce the term of your mortgage saving you thousand of dollars! The third common goal homeowners have is to pay off their current higher rate mortgage and turn some of their home equity into cash to use for other purposes. Depending on the current value of your home and your existing mortgage balance, you may be able to receive up to $100,000 cash back to you.
The main difference between your new refinance loan and your original loan, as far as costs go, is that the loan costs can be 'rolled into' the new loan amount and need not be paid out-of-pocket.
Our Professional Staff At Pacific Mortgage Group all of our mortgage specialists are certified refinance specialists, fully authorized by the wholesale divisions of leading banks and finance companies. This dynamic network of national financial partners allows us the opportunity to provide you access to the best wholesale mortgage rates available on the market today. We are proud to be one of the top choices for financing solutions by realtors, financial planners, attorneys and other industry professionals throughout our lending area. Our outstanding records for customer service and customer satisfaction have not only set a new, higher standard for the industry, they have earned us a more than 90% referral and repeat business network. Please click here to learn more About Us.
Discover why Pacific Mortgage Group is #1 Getting Started To receive immediate loan consideration and free loan pre-approval, several options are available for you. These options include telephone conferencing with evening appointments available upon request, or we would be happy to set an appointment to meet with you in our offices at your convenience. Whichever option you choose, you can be assured that we will begin processing you new loan request immediately. In most cases we can provide you with a conditional pre-approval the same day we receive your application. And we will keep you informed every step of the way. From all of us at Pacific Mortgage Group, thank you once again for visiting us on-line. We look forward to working with you, and helping to make your new refinance loan a great success!
Be sure to visit our Mortgage Glossary |
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In effect, refinancing is simply replacing one mortgage with another. The costs of refinancing are typically similar to the costs of your original loan. Your new loan will be processed and underwritten in the virtually same manner as your original purchase loan with the same requirements; Escrow, Appraisal, Title Insurance etc..,