Refinance

Find out if now is the right time to refinance! You may be able to lower your monthly payments or reduce the time it takes to pay off your loan. You may also be able to save even more if you use your refinance proceeds to pay off credit card or other installment debt, since mortgage interest is usually 100% tax-deductible, and interest on consumer debt is not. Here are some important reasons to consider refinancing:

• Get a lower mortgage rate and reduce interest costs.
  
• Convert an adjustable rate mortgage to a secure, fixed-rate mortgage.
  
• Consolidate your first and second mortgages into a mortgage with a lower rate.
  
• Get cash for family wants and needs.

The advantages we offer you for your refinancing needs include:

• Low rates
  
• Easy online application
  
• All types of mortgage programs
  
• Guidance and advice from an experienced loan professional
  

Ready to refinance your current mortgage? Call now to be pre-approved for the loan you want.

If your mortgage is owned or guaranteed by Freddie Mac, call me about a Freddie Mac Relief Refinance Mortgage!

The Freddie Mac Relief Refinance Mortgage is designed to assist borrowers who are current on their mortgage payments but who benefit from refinancing into mortgages with terms that better position them for long-term homeownership.

Eligible borrowers can use Relief Refinance Mortgages to improve their position for long term homeownership success by reducing their current mortgage interest rate or shortening the amortization term. Similarly, the Relief Refinance Mortgage can be used to replace an adjustable rate mortgage, an Initial InterestSM Mortgage or balloon/reset mortgage with a 15-, 20- or 30-year fixed-rate mortgage.

The loan-to-value ratio on Relief Refinance Mortgages can be as high as 105 percent of the property's value. There is no maximum TLTV/HTLTV ratio, however Relief Refinance Mortgages may not be used to pay off or reduce subordinate liens. Existing liens must continue to be subordinate to the Relief Refinance Mortgages.

Mortgage insurance (MI) is not required if the existing mortgage does not require MI. Otherwise, MI coverage on the new loan must be the same as on the original mortgage.

Borrowers interested in learning more about the Freddie Mac Relief Refinance Mortgage should contact me ASAP. Borrowers should also contact their mortgage servicer to find out if Freddie Mac owns or guarantees their mortgage.