Home financing is a complex process.
Without expert help you risk getting a lot less out of the deal than you hoped for. We’ve been doing it for nearly a quarter grand avenue in both boom and bust markets. We simplify the entire process to get you the best deal for your needs. We help you achieve a full understanding of all your choices and their consequences so you can focus on the goals that are important to you. How can we serve you?

What does it cost to refinance? What are the benefits?
While it used to be prudent to only refinance if new interest rates were much lower, like say, two points or more, over the past few years refinancing costs have dropped so much that the overall benefit can far outweigh any up-front costs.

When you refinance, you might be able to lower your interest rate and monthly payment -- sometimes significantly. You might also be able to "cash out" some of the built-up equity in your home, which you can use to consolidate debt, improve your home or even take a vacation. With lower rates and balances, you might also be able to build up home equity faster with a shorter-term new mortgage.

All these benefits do cost something, though. When you refinance, you're paying for most of the same things you paid for when you obtained your original mortgage. These might include settlement costs and other fees, an appraisal, lender's title insurance, underwriting fees, and so on.

Ultimately, for most people the amount of up-front costs to refinance are made up very quickly in monthly savings. We'll work with you to determine what program is best for you, considering your cash on hand, how likely you are to sell your home in the near future, and what effect refinancing might have on your taxes.

 

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