Knowing when to refinance can be a tough decision to make. There are many reasons for a person to look into refinancing. You could be paying a high interest rate, have an Adjustable Rate Mortgage (ARM) that is about to adjust or already has, a Home Equity Line Of Credit (HELOC) that has seen its payment constantly move up, or you could being paying high interest on credit cards. If you are thinking you need more space but do not want to sell your house, it might be a good time to refinance to get “cash” and build an addition. There are unlimited reasons to refinance but are any of them for you? It is good to have an idea of what you want to accomplish when you refinance. You need to have a mortgage broker who cares about your situation and your needs. If you think your credit is not up to par or you are self-employed, do not let that stop you from obtaining your goals! We are able to refinance owner-occupied, investments, and second homes! DEBT CONSOLIDATION: There are many reasons one should look into consolidation of their debt. We have many programs that accommodate such needs. It does not matter if you think your credit might be in question. Here are a few examples of why someone might look into refinancing; •High Interest Credit Cards When making the minimum payment but your balance is not getting paid off. You can save money by not having to pay any more of those high interest credit cards. • Open Collections Pay off open collections that may have prevented you from getting new lines of credit or have stopped you from being able to refinance in the past. • Tax Liens and Judgments Pay off existing tax liens and/or judgments that may be on your property or you. • Bankruptcy If you have been out of bankruptcy for any amount of time, or you still owe on Chapter 13, you may be able to pay it off with your loan proceeds. RATE AND/OR TERM You are currently paying a high interest rate or you are on an adjustable interest rate mortgage (ARM). • Adjustable Rate Mortgages (ARMs) If you are currently on an adjustable rate mortgage and the fixed rate period is about over, it could be the time to refinance into a fixed rate mortgage. • High Interest Rate Mortgages If you are currently paying a high interest rate, it can be beneficial to refinance into a lower interest rate. Sometimes you have higher rates because you were a “high risk borrower” when you did your original loan, but that may not be the case now. • Shorten/Extend Term of Loan If you want to reduce the length of your current mortgage or you would like to lower the monthly payment. HOME IMPROVEMENTS If you have been thinking about adding on to your house or want to do some repairs, you could do a Home Improvement refinance. • Home Addition Do not want to move but would like to have more space. • Home Repair Want to fix up current house. HOME PURCHASE: We believe that buying a home should be a great experience. It is essential when buying your first home or your third, you are comfortable with your payment and the loan you choose! You could be looking to buy an investment property or a second home, it is all the same to us. There are many purchase programs available to a borrower. Which one is right for you? Being a mortgage broker we have lenders that offer a variety of purchase programs. Do you want to put money down? Would you like to do a loan that allows you to roll your closing costs into the loan? Do you want to pay interest only? These are just a few purchase options we have. It does not matter if you think your credit will stop you, all it takes is a call and we will try to help. Investment Properties We have some of the most competitive interest rates and programs for the borrower who wants to buy investment properties. If you are just starting out are a seasoned veteran, give us a call and let us help you. Second Home If you are looking to buy a “home” to get away from home, we have multiple options for you. Bankruptcy and Foreclosure If you have recently filed bankruptcy or had a foreclosure, you may be able to buy a house. Information on this website does not guarantee a commitment to make a loan. All loans are subject to credit approval. Rates, terms and conditions are subject to change without notice. Please call for most recent rates and programs.