Lower Rates
Right now, mortgage rates are back down to historic lows! On a mortgage balance of $150,000 at 7.5%, you are currently paying $1,049 Principle & Interest. Consider getting your rate down to 6%, that payment is $899, a savings of $149 monthly. Rates have been below 6% for most of the year, so savings can be greater and greater – especially NOW!

Shorter Time Frame
Perhaps your goal is to pay down your mortgage balance as quickly as possible. By refinancing to a shorter term, such as 15 or 20 years, you can save literally tens of thousands of dollars between the shorter time and lower rate! Consider a 30-year, $150,000, 7.5% mortgage, the payment is $1,049/month. However, a 15-year mortgage at 5.25% payment is only $1,205 for a total savings of $160,000 over the life of the loan.

Debt Consolidation
Do you have high interest credit cards or other non-mortgage debt? Do you have a Home Equity line with a higher-than-normal interest rate? We have helped borrowers save literally thousands of dollars by consolidating credit cards into one mortgage payment – and it’s tax deductible which means a larger refund from Uncle Sam!

Recently Married / Divorced
If you have been recently Married and you need to add a borrower to the loan, we can help! The new borrower will start to build positive credit and it only takes a few weeks to complete the process.

If you have been recently Divorced and need to remove someone from your mortgage or take out cash to pay off debt, we can help! Give us a call to discuss today…260-494-1111.