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Renew Refresh Refinance

Clients and friends often ask us, when is a good time to refi? Today in the All American Mortgage Learning Corner we'll take you through the initial thought process to identifying if we can assist you with your financing objective.

First ask yourself, what is your refinancing goal? What do you want to accomplish? Here are four common situations.

  1. Shorten loan term – Doing so can save on interest paid and increase the pay down rate of the loan. This will create equity faster, building personal financial worth.

  2. Debt Consolidation – Convert existing equity to cash so other debts can be paid off.

  3. Cash to Renovate/Remodel – If sufficient equity exist in your home, you can access it to pay for improvements.

  4. Get rid of mortgage insurance – If your home has gone up in value, a refinance at/under 80% of appraised value could eliminate any private mortgage insurance.

Does a refinance make sense for you? Have the following information handy when you call…

  • Present mortgage stamen for payment & balance info

  • General idea of current home value

  • Balances of any additional debits to be paid off

  • Household income

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CONTACT OUR TEAM: 

Tel: 727-821-5518   Email: Click here

575 2nd Avenue South, Suite 204

St. Petersburg, FL 33701

© 2016 by All American Mortgage Company

LICENSED MORTGAGE BROKER  NMLS #381111 NMLS#1499481 NMLS #381294

JC Russell Enterprises Inc., D/B/A All American Mortgage Company

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Thank you for contacting All American Mortgage. Our team will be in contact with you soon.

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