Should We Refinance or Not?

Deciding whether or not to refinance can be confusing. We want to help you be a smart consumer by providing you with the answers to frequently asked questions.

• What are the top 5 reasons to refinance?
• What are the three biggest mistakes people make when refinancing?
• Find out What Your Home Is Worth first....
• What closing costs can I expect? Check out our Closing Cost Checklist.
• What information do I need to have available for loan application?
  Our Application Checklist tells you.

We can help you by running different amortization schedules so you will know exactly what you will be saving or gaining. There will be no surprises. Refinancing is actually a very quick process and you could be out from underneath credit card debt in less than 3 weeks. 

When you're making your decision, there are several things in mind.

First, even a small rate cut can pay off quickly. That's because you can easily find mortgage companies willing to waive routine refinancing charges such as application, appraisal and legal fees (which can add up to $1,500 to $3,000). Of course, in exchange for low or no up-front costs, you'll have to be willing to accept a rate that's somewhat higher than the prevailing rock bottom.

Second, if you are planning to stay in your home for at least three to five years, it may make sense to pay "points" (a point equals 1% of the loan amount) and closing costs to get the lowest available rate.

And third, you can avoid laying out cash and still get a low rate by adding the points and closing costs to your new mortgage. Does that mean shouldering a lot of extra debt? Not necessarily. If you've had your current mortgage for at least three years, you've probably reduced your balance by several thousand dollars. So you may be able to tack your closing costs onto your new loan and still end up with a mortgage that's smaller than your original one -- plus, of course, a lower rate and lower monthly payment.

Refinance Toolkit

• Common Loan Questions Special Report

• Should we Refinance or not

• Sample Closing Cost Estimates

• Truth & Lending Disclosure & Pamphlet

• How to calculate your mortgage

• Amortization schedule printed on the refinance range you select

• Information on our Exclusive Mortgage Terminator Program

• Info on 15 Year Loans & Bi-Weekly payment plans

• Different Loan Programs

• Details on the Loan Process

• List of Information Lenders make us verify

Just email us and say I want your Refinance Toolkit please & tell us the price range of home you are looking to purchase in.

Yes - You Can Buy a Home ZERO down...Free Recorded message (541) 883-3421 Ext. 3007