Refi Lenders in the USA
Hometown Equity Mortgage can be a helpful ally and guide in helping you make the important decision to re-finance your home. Since 2001, we’ve been committed to doing everything in our power to provide clients a worry-free mortgage loan process. When a financial emergency happens, it can be a life-saver tapping in to your homes equity to deal with mortgage payments, credit card debt, student loans and more.
We are licensed home loan lenders in the USA! Click here for the list of US States
What is Home Loan Refinancing?
Refinancing is when you replace your original mortgage with a new mortgage. This is commonly done to allow a borrower to get a better interest rate and term. The first loan is paid off and then the new loan is created.
Advantages
For borrowers with a great credit history, refinancing is a great way to convert a variable loan rate to a fixed rate with a lower interest rate. Here’s more reasons for home loan refinancing:
- Get Lower Rates: You may be paying an interest rate that’s higher than today’s competitive rates
- Save Long-Term: Cut your monthly payment and accelerate your home payoff more quickly
- Have Less Income: If your income has been reduced, refinancing for about 3/4’s of your payment can offer relief
- To Obtain Money: Refinancing mortgage loans can help you make larger purchases like a car, education or home renovations, or to help reduce credit card debt
The Risks
For borrowers with less than perfect credit, refinancing can be fraught with risks. Sometimes the hidden fees and penalties may be more costly than receiving a lower interest rate. It’s important to get all the facts about these costs and the lenders at Hometown Equity Mortgage are here to help you navigate these perils.
Disclosure: By refinancing the consumer’s current loan, the consumer’s finance charges may be higher over the life of the loan.
Start Here!
Hometown Equity Mortgage makes it easy to get started! Call us today and we’ll be happy to discuss your needs at: 833-381-8733
Disclaimer: Certain restrictions and credit approval apply; not all applicants will qualify. All approvals are subject to underwriting guidelines which include but are not limited to: acceptable credit & income history, current homeowners insurance, property value, debt to income ratio, etc. Minimum & maximum loan amounts apply. Please contact Hometown Equity Mortgage for further details.