Selecting a Refinancing Option
Preston Ware - 20 + Years Experience
NMLS License # 216170
My Direct Line (561) 329-0075
If you are in need of a trusted adviser to help you refinance your mortgage,
you have come to the right place.
We Make it Easy!
We are seeing a run on Refinances at the moment.
History repeats itself.
We are seeing another year end run on refinances as homes continue to appreciate nicely. Many of my previous customers are getting rid of their PMI faster than ever expected.
This all sounds very similar to 2015
In 2017 we have had continued excellent pricing as world uncertainty is helping keep mortgage interest rates low.
To evaluate your loan and get an accurate quote, we need to discuss your specific loan scenario.
Many, many options are out there!
A Good starting point is to try to figure out which type of refinance you need. We can start by considering cash out vs rate term refinance or maybe getting rid of PMI
. I have pages devoted to each type of Refinance. It is my goal to be your trusted adviser and help guide you through what is the best loan for you.or just keeping reading further on down this page.
If you have questions please call me at 561-329-0075.
Here are the options:
Making Your Payments Lower
Getting your payment lower can come in many different ways. The most popular mortgage refinance that I see nowadays are situations where customers wish to refinance out of their PMI.
Over the last several years we have had excellent appreciation all across Florida so usually at around the year and a half mark into home ownership the customer's loan to value is less than 80% and we can get rid of the PMI that is a throw away.
Cashing Out - "The Doing Something for you loan"
Are you refinancing mainly to pull out some of your equity for an infusion of cash?
It could be you're going on a much needed vacation; you need to pay college tuition for your child; or you are updating your kitchen or maybe you want to invest in another asset.
It is your right to use the equity in your home as you see fit.
Do you want to cash out some of your equity to consolidate other debt? Great plan! If you have some debt with higher interest (such as credit cards or car loans), you may be able to pay that debt off with a lower rate loan with your refinance, if you have enough equity.
Getting a Shorter Term Loan
Are you dreaming of paying off your loan faster, while beefing up your home equity faster? If this is your goal, your refinance mortgage can switch you to a loan program with a short, such as a 15 year loan. Your payments will likely be more than with a long-term mortgage loan, but in exchange, you will pay considerably less interest and will build up equity more quickly. However, if you've had your current thirty-year loan for a long time and the remaining balance is rather low, you could be do this without raising your monthly payment — you might even be able to save! To help you understand your options and the numerous benefits of refinancing, please call us at (561) 329-0075. We are here to help you reach your goals!
Curious about refinancing? Call us at (561) 329-0075.