Re-financing is a possibility you should never lose sight of.
Let Weichert Financial Services review your current mortgage and see whether we can provide you with a package for re-financing that will create a significant savings for you every month. Depending on your current interest rate and the amount of equity you have in your home, you may be able to take money out and keep your monthly payments steady or even lower them.
Why does it make so much sense right now?
With interest rates still near their historic lows, it doesn't pay to wait. Plus, if you're one of the many homeowners who owe more than their home is currently worth on the market, you may qualify for the new, less restrictive Home Affordable Refinance Program (HARP).
The Home Affordable Refinance Program (HARP)
The qualifying guidelines of this government-backed mortgage rate reduction program have been relaxed to make it available to many more homeowners. Anyone with a Fannie Mae or Freddie Mac mortgage who owes more than their home is worth could be eligible.*
Two built-in advantages of refinancing:
If you currently have an adjustable rate mortgage (ARM) loan, you have the opportunity to convert your mortgage to a low fixed rate mortgage option that will give you the peace of mind that comes from knowing your monthly payment will never change. Also, since you'll be beginning a brand-new mortgage, you'll have the option to pay off your mortgage sooner either by prepaying your mortgage or refinancing to a shorter term loan.
To begin the refinancing process, discuss your eligibility for HARP or learn more about your options, just fill out the form below.
* Subject to qualified buyers and underwriting (credit) approval.
For terms and conditions, click here.