Is It Time To Refinance?

The timing might be right to refinance your mortgage loan.  Today’s LOW rates (as of 02/11/2021) may help you significantly lower your monthly payment, shorten up the term of the loan or accomplish other financial goals. Here are some of the top reasons people refinance their mortgage.

  1.  Lower their monthly payment
  2.  Shorten the term of the loan and pay the home off sooner
  3.  Remodel their home
  4.  Cash out for debt consolidation, home renovations, rental property acquisition, and may other things
  5.  Life events: divorce, death, and anything else life throws at us

A cash-out refinance increases your mortgage debt and reduces the equity you may have in your home. Your monthly mortgage payments may be higher.

Everyone’s situation is different.  We’ll work with you to determine if the timing is right to change your loan program and what effect refinancing may have on your future plans by considering your cash on hand and how likely you are to sell your home in the near future. Call us today for your free consultation.

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October Lunch and Learn / Webinar: The Ins & Outs of Appraisals

Appraisals – Its complicated

When we start talking appraisals it can get confusing.  As lenders, we learn what’s important for getting the loan closed.  Realtors put their market analysis hat on when they think about them.  Neither is correct.  Look at it this way, an appraiser is in a profession in and of it’s self.  Appraisers are licensed and trained to look at property values in a pretty specific way.  On top of that the different loan programs all have different “rules” the appraiser must follow.  Then at the end of the day its not a specific formula but a matter of opinion.  That’s why we always tell people we could order 5 appraisals on a property and we would get 5 different sets of results.   During this event we are going to go over many of the things the appraisers look at, how they analyze the property, and some of the different variables that come into play across different loan programs.  If you are looking for a deeper understanding of how appraisers think this is a must attend event.

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

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