When does it make sense to refinance?

Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable rate loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:

1. Calculate the total cost of the refinance
2. Calculate the monthly savings
3. Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing.

Do I have to meet in your office?

No! It is possible to complete the loan process without attending a meeting in our office. In fact a good number of our customers complete the entire process via email, fax, mail and telephone.
 

• Explore the rest of the Loan Process
• Explore Credit Score Topics
• Learn about Loan Types
• Determine if you want to be pre-qualified or pre-approved
• Learn about the Tax Advantages of Home Ownership
• Submit A Loan Application