Why Refinance?

When you purchased your current home loan there probably was a lot of paperwork, a lot of anxiety, and lots of details involved. When you think about refinancing, you might remember those headaches and say forget it. But there are a lot of reasons you might want to give it careful thought. Refinancing is a MUCH EASIER and requires FAR LESS paperwork and certainly LESS pain and suffering.

If you have an FHA mortgage we may be able do a Streamline Refinance Loan. With a streamline refinance we review your mortgage history over the last year.  You can even have up to 2 late mortgage payments in the last 12 months.

Consider the following if you are interested in refinancing:

• Refinancing may put money back in your pocket every month. 
  As a rule you should not refinance if you don't drop at least 1% on your interest rate. Not only that, but YOU WON'T HAVE TO BRING ANY MONEY to closing, because you can roll in all of the costs in the new loan amount.
• Refinancing may put a lot of money in your hands today.
  You get to skip ONE to TWO mortgage payments.
• Refinancing may give you a good night's sleep.
  If you have an adjustable rate mortgage and the worry over the direction of interest rates has been keeping you up at nights, you could refinance into a fixed rate and stop all of that worrying.
• Refinancing may get you out of debt faster!
  Refinancing your current loan to a 15 year or a 25 year may be possible without raising the payment significantly. You could save thousands in interest and own your home many years before you would with a standard 30 year loan.

Use our refinance caculator to see if refinancing makes sense for you. http://www.allhomesteam.com/RefiBreakevenCalc