If there is one service I offer that relieves stress, takes a load off and allows my clients to sleep better a night, it is a mortgage refinance. A refinance is simply re-writing an existing mortgage to draw out equity in your home. Typically this is done to reduce interest and combine debts into one simple payment. A mortgage refinance is used by financially savvy homeowners wishing to maximize their equity and have it work for them. Refinancing your mortgage will not negatively impact your credit, if anything, it will increase your credit score as your debts will be paid that report to the credit bureau. Common uses are to payout higher interest debts, renovations, education, large ticket purchases, vacation properties, vehicles, boats, campers, and investing.
I’ve completed thousands of mortgage refinances over the years. They are some of the most rewarding transactions as they take a lot of financial stress off of my clients and set them up for long term success.
I am able to tailor a mortgage refinance to each of my clients, taking into consideration years until retirement, goals, family planning, career planning and all that life has to offer. I like to build flexibility into my mortgages which allows my clients the option to pay the mortgage off sooner with lump sums and increased payments but yet enough breathing room for day-to-day life.
Over the years the refinancing rules have changed. Different from when you purchase a home, you need 5% down payment, refinancing is when you already own a home and would like to rewrite your mortgage you must leave 20% equity in your home. Feel free to play around with the calculator below to see how much you can refinance for. If you have questions, feel free to reach out to me. I look forward to helping you refinance your mortgage!
Mortgage Refinance Calculator