Refinancing
5 REASONS TO REFINANCE YOUR MORTGAGE TODAY!!!
1. If your ARM (adjustable-rate mortgage) is adjusting – it’s better to lock in a secure fixed rate. Interest rates are near a 45-year low!
2. If you have outstanding debt - combine it into one lower monthly payment.
3. If your home needs repairs – you may be able to get cash out to make home improvements.
4. If you’re in a jumbo loan - loan limits have recently changed - see if you could qualify for a new lower rate!
5. If you have a high interest rate – you may be paying too much money, get a lower rate and lower your payment.
Though the $8000 government incentive plan, potential homeowners now have more reasons to buy a home without the worry of having to pay back the incentivized amount.
This tax credit of up to $8,000 is available for eligible first-time home buyers!
Speaking of taxes, if you lower your interest rate, naturally you will be lowering the amount of mortgage interest payments you can deduct from your federal income taxes. This is another cost that some borrowers consider. We can help you do the math!
Ultimately, for most people the amount of up-front costs to refinance are made up very quickly in monthly savings. We’ll work with you to determine what program is best for you, considering your cash on hand, how likely you are to sell your home in the near future, and what effect refinancing might have on your taxes.
Did you know that historically the best financial investment you can ever make is owning your home.
Included in the 2009 government stimulus package, reverse mortgage loan limits have increased to $625,500 through December 2009
Thanks to our cutting-edge technology, we’ve got a fast and easy process that takes the stress out of applying and receiving a mortgage.
We’re here to help with innovative mortgages and Reverse Mortgage Experts who have answers to all of your questions.
You can be confident that when you work with a specialist like Pro Mortgage, you will get the best mortgage program at the lowest possible rate with outstanding personal service. That is our promise.
