Refinance Mortgage Advice

Refinancing your home mortgage can be a good strategy but it does not always make good financial sense for everyone.  The big questions our clients want to know are when should you refinance and how much should you borrow? And since refinancing offers the alternative to “roll in” closing costs many homeowners struggle with which option to choose.

At Trusted Mortgage Advice we realize that finding independent advice on your specific refinance transaction can potentially save you thousands of dollars.  We specialize in helping you decide:

• How much should I borrow for a refinance? 
• Should I roll in my closing costs?
• Should I buy the rate down at all?
• Does taking cash out make sense for me?

 

Our goal is to review your mortgage documents and current situation to help you make the best decision possible – while at the same time helping to make sure you get the best loan and rate that is available to you.  It is never our desire to “steal” your loan away from your current lender.

Decisions, Decisions

We realize that in some ways the decision about whether or not to refinance can be more complex than considerations when purchasing a home.  It’s an easy decision for people who were lucky enough to buy or refinance when rates were low.  But many people have higher rates or face changing adjustable rate mortgages.  Others may have rising debt that needs to be consolidated or changing financial needs that dictate refinancing your mortgage.

And what about all of those general “rules of thumb”:  refinance only when you can reduce the rate by 2% and plan on taking 3 years to recoup your costs of the transaction.  Do these apply to your situation? 

If you are in the process of refinancing your home and cannot provide a confident answer to these questions let us help.  We can provide trusted, independent advice during the loan process and help you get the peace of mind that comes with knowing you made the right decision.

Contact us to start today.