should you refinance?

With one of our no point or no cost loans even a .25% rate reduction can add up to significant savings over the years.

The conventional wisdom of reducing your rate by at least 2% as a measure of whether to refinance is no longer applicable as innovative new loans are now available with significantly reduced transaction costs. We can customize a variety of adjustable and fixed rate loans to meet your financial goals. Many of these are offered without points and/ or closing costs. Let us show you some of the following potential benefits from refinancing:

Savings

Since many of our adjustable and fixed rate loans are offered on a no point and even a no cost basis, even a .25% rate reduction can add up to significant savings over the years. Did you know that every $1 you saved, if invested at 10%, would grow to over $16 after 10 years?

Reduced risk of higher rates and payments

You may be able to reduce your risk of rising rates and payments by locking in a longer fixed rate term. Our No Point or No Cost 5, 7, 10 or 30 Year Fixed Loans are ideal for this. Also, if you currently have an adjustable, you may be able to gain added protection by locking in a lower maximum rate cap, lower margin and / or less periodic rate adjustments.

Strengthen your balance sheet

Since your home is likely to be your least costly source of funds, pulling out cash to pay off costly consumer loans, make investments, or remodel. Also, in today’s volatile financial climate, having additional cash on hand to meet unforeseen contingencies and opportunities is smart financial planning.

Many of our Adjustable and Fixed Rates offer…

  • No Point and/ or No Fees (we may even pay your title and escrow services)

  • Preferred rates for loan to value ratios of < = 70%

  • Preferred rates for excellent credit (click here to read about FICO Credit Score)

  • Ultra low Interest only and deferred interest payments

Click here for a free loan proposal on any of our No Point and / or No Cost Adjustables or Fixed Rates.