Refinance A Mortgage
With interest rates reaching record lows, you may be wondering if refinancing your mortgage is right for you. Below is a quick guide for home owners interested in lowering their mortgage payments and refinancing their home loans.
Can't wait to get started on refinancing your mortgage? Pre-qualify for a refinanced home loan now!
When Refinancing Is Right for You
While refinancing your mortgage may seem like a great opportunity for you to lower your monthly mortgage payments and reduce your debt, make sure to use a mortgage calculator and calculate if refinancing your mortgage will actually save you in the long run.
Refinancing your mortgage should be done to reduce your interest rate, shorten your term, or consolidate any revolving debt.
Refinancing your mortgage may be right for you if:
- Your goal is to get a lower interest rate and lower your monthly payment
- You Want to shorten the length of years on your mortgage.
- You need to get out of an adjustable-rate (ARM) or interest-only mortgage
- Want to create additional cash flow each month with your savings.
Refinancing your mortgage may NOT be right for you if:
- You plan on moving within a year.
- You haven’t made timely payments on your mortgage within the last 12 months.
- You are upside-down on your mortgage and owe more than your property is worth. It may be difficult to be approved for a refinanced mortgage.
How To Refinance your Mortgage
When refinancing your mortgage, you can choose to take cash out, or refinance the remaining amount on the loan. It's a good idea to call us at 561-207-8049 or email us at Interconnect Mortgage Inc. in Palm Beach Gardens, Florida so we can give you a FREE Refinance Analysis to make sure it’s the right move for you.
Before you start the refinancing process, review your current situation to determine if you would quality for a refinanced home loan. Consider your income, employment history, credit score and other loan qualifiers, as these will apply on refinancing loans as they do for first time home buyers.
As you begin the refinance process, make sure to collect important documents that will be needed for home loan refinancing such as information about your current home loan, income statements, tax and property information, and homeowners insurance rates.
With most home loans, any costs incurred for your refinance can simply be rolled into the new loan. We will keep any refinancing costs to a minimum and will go over them in person so there are not any surprises at closing.
Mortgage Calculators for Refinancing
Want to learn about mortgage rates for refinancing, or determine if refinancing your mortgage is right for you? Contact us today!
Toni took the time to make sure we understood everything that was going on and she was very helpful and made the process very easy and stress free!!!!
Toni and her team made our home buying process so easy! The professional service we received was top notch from our initial phone call to the closing table. This was not our first home purchase and I'm sure it will not be the last...but I can safely say Toni will handle all of our future needs! Thanks Toni
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Toni and her staff are aggressive comptent and personable A treat to work with 2nd loan with her When you compare she wins Really enjoyed working with her a+ rating
Toni and her team played a huge role in helping to make this process seem less daunting and tedious. They were incredibly responsive and went above and beyond to help us execute a quick close. Highly recommend this local resource to anyone who wants 5 star service!!
Toni Taylor did an outstanding job for us on our recent purchase of a home in Florida. She was extremely knowledgeable, helpful, always accessible and delivered great results for us. When we told her that membership fees for our development would be going up $10,000 in a little over a weeks' time, she came up with a plan to help us close before the increase. She is quite pleasant to work with too.
This is a great team to work with in buying a home, not only very dedicated but kept me informed every step of the way. They have your best interest and stays on top of everything that needs to be done. Nothing falls through the cracks. Thank you so much. Very appreciated in all you did for me.
As a first time home buyer, I was not sure what to expect from the lending process. People warned me about how time consuming and exhausting it would be. In actuality, it turned out to be a breeze with no surprises or delays! I was able to close on the exact date that I wanted. I am very happy with how everything went from beginning to end. I would highly recommend Toni Taylor!
Everyone at this company was great!! Had my refinance done quickly and efficiently. Very easy to work with!! Both Toni and Brian were extremely helpful. Thank you!