Are you looking to reduce your monthly payment? perhaps reduce your mortgage term from a 30-year mortgage to a 15-year mortgage? Are you looking to take advantage of your home equity and receive cash out to complete home improvements or pay off debt? These choices would depend upon your Life goals current budget, and financial picture
Rates at All-Time Lows
As our current rates are at record lows, current rates today for a 30-year fixed rate term using conventional financing starts at 2.875% (3.109% APR) 15-year term starting at 2.625% (2.859 APR)
Each Borrower Has a Unique Scenario
As each borrower has their own unique financial profile and set of circumstances, whether you are looking to reduce your overall monthly expenses, tapping into your equity for H.O.M.E. improvement projects or paying off debts. With rates this low H.O.M.E. Lending can offer you solutions
Are Customized Loans Beneficial
How long have you owned your home or how many years remaining on your current mortgage Will the monthly cost savings be worth the expense. You have options to refinance to a 21 years, 18 years or 14 years. No need to go with the standard 30, 20 or 15-year terms that other lenders are offering. At H.O.M.E. Lending we can customize your loan to fit your life goals for refinancing your current mortgage.
For instance, if you save $200 a month by refinancing how long will it take to recoup your cost of refinance on your monthly payment but your loan closing costs will be $2,000, it will take you 10 months to break even. Sometimes the math of a refinance does not work out This is particularly true if you aren’t planning on staying in your home long.
If you have become temporarily unemployed or furloughed during this time, it will probably negatively affect your chances for mortgage approval and refinancing. It is important that you are back at work and the underwriter is able to verify employment.
If you are considering refinancing your, mortgage Our licensed Loan professionals at H.O.M.E. Lending are here to help with any questions that you may have before you begin your loan application. After speaking to one of our Loan staff you will know your loan options before you begin your loan application
Easy Qualification Process
Our upfront loan application process is only a 10-minute phone call, Our Application to closing is an average of 21 days or less. Many ways to apply, you can call us personally or apply online right here.
Call our professional team at H.O.M.E. Lending TODAY (209) 477-0262 and take advantage of today’s low rates and cost savings.