When was the last time you looked at your home loan?

The mortgage market is constantly changing, and so is your life during the life of your loan. Current interest rates might be lower, and there is a good chance that your financial situation has changed since taking out your mortgage, too.

Don’t make the No. 1 mistake some borrowers do: forgetting about your home loan and this wonderful thing called mortgage refinance.

Did you know?

You can save big most of the time with refinancing your current loan.

Refinancing your home loan has many possible benefits, but first, let’s look at what it’s about.

What is refinancing?

Mortgage refinancing is the process of replacing your current debt with one that suits your needs better.

For example, if you’re looking for a way to save money, lower your monthly payments or to take advantage of the stored-up value (equity) of your home, refinancing your mortgage might be just the right thing to do.

Why refinance a mortgage?

There are many possible reasons to refinance, but here are the most common ones:

– To reduce your monthly payments
– To get a lower interest rate
– To get a shorter term
– To switch to a different loan type (for example, from ARM to FRM)
– To squeeze some cash from your home’s equity (cash-out refinance)

How does the process of mortgage refinance look?

At The Justin Haines Team, our mission is to make our processes as straightforward as possible, and refinancing isn’t an exception to that.

Here’s how it works:

1. You find a home loan that suits what you’re looking for.
2. You apply for the loan (don’t worry, it’s simple paperwork).
3. We evaluate your application to ensure you can afford the loan (this includes a property appraisal).
4. We take care of changing your mortgage over.
5. We’ll notify you when your new loan has started.

Can you believe it’s that simple?

What's the cost?

There are certain fees you need to know about before applying for refinancing your mortgage. These are several different fees together and are called closing costs. Closing costs can range from anywhere between $2000 and $5000.

However, you can avoid closing costs completely by refinancing your mortgage with a no-closing cost option.

What are your options?

We currently offer 3 options to serve your home loan refinance needs.

Cash-Out Refinance

Get cash out of your home today.

FHA Refinance

Streamline the refinancing process with this option from the FHA.

No-Closing Cost Refinance

Cut out closing costs altogether from the mortgage refinance process.