Refinancing
WHY REFINANCE?
- You may be able to save money every month *
- If you want to make home repairs
- If you want to consolidate debt
- If you want to pay for college tuition
- You may be able to switch from an adjustable rate to fixed rate mortgage, if you qualify
- Lock in today’s great historically lower rates
WHAT ARE MY OPTIONS?
There are many loan refinance options available. I will walk you through the process, so you understand your options and choose the best loan for you and your family. Come by my office or give me a call - I'm ready to help!
HOW DO I REFINANCE?
If you’ve never refinanced, I will show you the way. I’ll sit down and explain the loan application process and answer all of your questions. Or, if you already know what you’re looking for, I’ll get you on your way. Just give me a call and I can get started!
THE 5 W’S OF REFINANCING
WHY
Why refinance?
- Lower payment
- Pay off debt
- Pay for college
- Special vacation
- Cash out
- Switch from ARM to Fixed Rate
- Reduce your loan term
WHAT
What types are available?
- Cash Out Refinance
- Debt Consolidation
- Rate & Term (lower payment)
- Streamline
WHO
Who can qualify?
- Current homeowners
- Current on your payments
- Steady income
- Credit scores as low as 580
WHEN
When should I refinance?
- NOW! Rates are at historic lows.
- Need monthly payment relief
- When you want to pay off your house faster
WHERE
Where do I get help?
- iServe! I am here as your licensed mortgage advisor.
- Contact me today.
- Easy application process
Home Loan Refinance Options
I have a good credit and a solid income
I'm a member of the armed forces
Conventional Refinance
If you’re looking to change your mortgage term, take out cash, consolidate debt, or lower your monthly payments, a conventional loan refinance is a great way to go! A conventional home loan refinance can help borrowers with good credit and a stable income to reap the rewards of their investment.
Who can qualify?
- Borrowers with credit cores above 700 ideally
- Borrowers with any existing loan type
- Households with as little as 5% equity in the property
What are the benefits?
- Can be used to finance an investment property
- You may be able to lower your payment
- Opportunity to take cash out
What are the features?
- Options include: 15 and 30 year
- Fixed, 5/1 and 7/1 ARM
- Cash-out for up to 80% loan-to-value ratio
Back to refinance options
VA Loan Refinance
VA Loan Refinance
VA loans are an amazing benefit reserved for hard-working military personnel and their families. If you have an existing loan and want to lower your monthly rates or free up some cash, a VA loan is a great option. And if you already have a VA loan, you can get even more savings with an IRRRL loan.
Qualified military borrowers can refinance up to 100 percent of their home’s value. The cash-out refinance loan replaces your existing mortgage so you can secure lower interest rates.
Who can qualify?
- Active-duty military personnel
- Veterans
- Reservists/National Guard
- Surviving Spouses
What are the benefits?
- Lower interest rates
- More emphasis on current income/Flexible Qualification Standards
- No down payment(up to the county limit)
- No private mortgage insurance
What are the features?
- No down payment on purchases up to the county limit
- Maximum loan limit varies by state/county
- Fixed and ARM programs rate/term, cash-out
- Single-family, PUD attached/detached, condo approved
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FHA Refinance
If you have an FHA loan and want to lower your payments, or if you owe more than your home is worth, or have a low credit score, an FHA loan refinance can help you turn your situation around. You’ll breath easier knowing you can save money every month.
Who can qualify?
- First-time home buyers
- Individuals wiht credit scores to 600 (*580 or lower in some cases)
- Employees who earn a moderate income
What are the benefits?
- Low down payment
- Less stringent credit requirements
- No early pre-payment penalties
What are the features?
- Minimum 3.5% down payment
- Loan amounts up to the FHA high-balance limits per state
- Fixed and ARM programs
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Assistant
Our Free Assistant is designed to help narrow down your loan options. It’s quick & easy.
Type of Home?
What is the intended use of the property?
