Looking for refinancing your mortgage?
If you need extra money to pay off your debt, consolidate your credit cards or lower your monthly expenses, refinancing is the best option for you.
Simply fill out the following form and one of our professional agents will get back to you with the best plan designed exactly for your situation.
Banks and other financial institutions
need some information about your current mortgage and other expenses
you have to calculate how much you will be qualified for
refinancing.
Refinance Up to 80% of your property
The most
easy way to get approved for refinancing is to apply for 80% of
your property value and you have low monthly expenses and
of course you have a good income.
80% of your property value means having a mortgage up to 80% of
your property value for example, if you have a property which
worth $500,000 the you can get approved for $400,000 which is
($500,000 x 80%) = $400,000. The other factors like your income
and monthly expenses would be important for the lender too, but
most of the lenders feel more secure lending you up to 80% or
your property. Benefits of Appling for up to 80% of your property value are:
Easy to apply
Low interest rate
Less monthly payments
Consolidating your debts
Possible Risks:
Increasing your principal
Possibility of paying penalty on your current mortgage
Appraisal might be needed
Refinance Up to 95% of your property
If you need to borrow more than 80% of your property value
we can apply with private lenders, their interest rate would
be higher than if you apply for 80% of your property value but it's still less than what you pay to
your credit cards. It's still a very good option to
consolidate your debts. In this scenario they still need to
know your monthly expenses, debt amount and income. The good
news is we have private lenders available to finance your
property up to 95% with lower rates than others. Benefits of Appling for up to 95% of your property value are:
Less monthly payments
Consolidating all your debts
Possible Risks:
Higher mortgage rates
Increasing your principal
Possibility of paying penalty on your current mortgage
Appraisal might be needed
Any extra charge for refinancing?
In most of the cases the answer is yes, you might need to
pay for the following items