There are many good reasons why you might want to consider refinancing your home (or any other property that you own), depending on your individual needs, goals, and lifestyle.
Everyone's needs are different. However, the outcome is the same...
REFINANCING OFTEN MEANS MORE FINANCIAL FREEDOM.
HERE ARE SOME REASONS WHY REFINANCING CAN HELP YOU.
Lower interest rate & payment - many homeowners don't know what their current rate is and half of homeowners could be saving with the current interest rates. Grab your current mortgage statement and call us today.
Lower term - Refinancing your home may help you pay off your mortgage faster and reduce the total interest you will pay over time. Rates are so low right now, there is a possibility you may be able to refinance to a lower term without significantly increasing our monthly payment.
Eliminate mortgage insurance - Most Colorado home values have increased substantially. If your current loan has PMI or MIP, refinancing may be able to eliminate that and reduce your monthly payments & increaseing your cash flow, freeing up cash for other purposes.
Debt consolidation - Credit card debt is on the rise and the required payments are higher now than what they have been in the past. Debts that go unpaid can damage your credit and make it difficult to obtain a home loan. Debt consolidation will lower your monthly payments while simultaneously increasing your credit rating. Refinancing your first mortgage loan may also be a financially practical way to relieve the burden of high monthly payments and can also be tax deductible. Perhaps paying off a car loan will reduce your overall monthly outlay. Refinancing could allow these debts to be consolidated and improve your financial situation and your credit scores. Stop paying high interest credit cards and begin improving your financial future.
Want or need home improvements? This is the ideal time to utilize the equity obtained over the past several years and take care of the improvements you have been wanting to make. It might be a new kitchen, updating bathrooms, finishing a basement, or updating landscaping. Whatever the need is, this is the time to access the funds to take care of these items and turn your house in to your dream home.
Need to pay for college, a wedding, or need a new car? - Refinancing can provide the funds to take care of these items without the need to increase your credit card debt or take out other types of loans, plus it's tax deductible!
Want to purchase other property but don't have the down payment? Taking the accumulated equity from current properties can provide the needed funds to move you to the next level of increasing your property portfolio at owner-occupant interest rates.
Refinancing is easier than you think.
Give us a call today at 303.987.0622 to improve your financial situation by reducing your ongoing costs or obtaining some much needed cash to cover life's surprising expenses.
ACADEMY NATIONAL MORTGAGE CORPORATION - NMLSR #191799
SERVING ALL OF COLORADO
Phone: 303.987.0622 / Cell/Text: 303.902.0082