To Refinance Or Not To Refinance...
In the 60's and 70's, if you wanted to buy a home,
you went to the local bank or a Savings & Loan
institution. You were generally offered two
choices: a 30-year fixed- or a 15-year fixed-rate
loan. In the 80's, lenders added the variable-rate
loan to their repertoire. The loan officer took
your application and sent it to the "Loan
Committee," then the committee determined if you
could qualify for the loan. A few weeks later, you
got your answer -- "YES" or "NO" -- and that was
that. There weren't many options.
Well, things have changed! Today there are
literally thousands of programs and products, and
as many ways to use them. In fact, it's virtually
impossible to keep track of how each one of these
programs works and to understand all the different
types of variables and options.
A trained Mortgage Professional is your best ally
against this intimidating wave of programs and
options. If you add the refinancing process to the
confusion, you really need the help of a "pro" to
develop a mortgage-management strategy. A pro has
access to a variety of tools and programs,
including:
- Buydowns
- Rebates
- Growing Equity Mortgage
- Hybrid ARM programs
- Lines of Credit
- 80/15/5
- Two Step Mortgage
- No Point No Fee loans
These are just a few of the programs we have in
our portfolio, ready to help you save money on
your mortgage. We use state-of-the-art tools and
technology to guide you to the best solutions for
your particular situation and needs.
