Refinancing Loans.
Whether you want to get fast cash, bail out of foreclosure or get cash for home improvements, college education or consolidating debts, we are your local hard money refinance specialists and may have the perfect loan for you. 50% LTV
Get Cash Out
We'll help you determine what exact loan product makes the most sense for taking cash out of your home. Refinancing and taking cash out using a new first mortgage or a home equity loan, or both depends on your financial goals, the interest rates, your tax rate and more.
We'll help you choose the ideal program with the lowest weighted annual percentage rate and payments to meet your personal needs and goals.
Lower Your Payment—Save Money
If interest rates fall below your current mortgage rate, refinancing may be a great idea. The old idea that rates must be 2 full percentage points below your existing loan is not true. A drop of as little as 1/2% could save you thousands of dollars. We'll help analyze your personal needs and goals and find the right loan at the lowest costs possible.
A variety of loan terms, no-point rate options and lower closing cost loans have greatly decreased the rate difference needed to make refinancing profitable.
Another popular way to lower a monthly payment is an interest-only loan. With this loan, the borrower pays only the monthly interest on the balance—you can pay principal as well if you wish.
We will always help you determine what loan program will best suit your needs and goals, whether it is an interest only loan or some other program .
No Out of Pockets Closing Costs.
Whether you want to get fast cash, bail out of foreclosure or get cash for home improvements, college education or consolidating debts, we are your local hard money refinance specialists and may have the perfect loan for you. 50% LTV
Get Cash Out
We'll help you determine what exact loan product makes the most sense for taking cash out of your home. Refinancing and taking cash out using a new first mortgage or a home equity loan, or both depends on your financial goals, the interest rates, your tax rate and more.
We'll help you choose the ideal program with the lowest weighted annual percentage rate and payments to meet your personal needs and goals.
Lower Your Payment—Save Money
If interest rates fall below your current mortgage rate, refinancing may be a great idea. The old idea that rates must be 2 full percentage points below your existing loan is not true. A drop of as little as 1/2% could save you thousands of dollars. We'll help analyze your personal needs and goals and find the right loan at the lowest costs possible.
A variety of loan terms, no-point rate options and lower closing cost loans have greatly decreased the rate difference needed to make refinancing profitable.
Another popular way to lower a monthly payment is an interest-only loan. With this loan, the borrower pays only the monthly interest on the balance—you can pay principal as well if you wish.
We will always help you determine what loan program will best suit your needs and goals, whether it is an interest only loan or some other program .
No Out of Pockets Closing Costs.
No cost out of pocket purchases A no closing cost out of pocket option can work extremely well when the rate market is declining and the borrower may anticipate refinancing fairly quickly. No closing cost out of pocket loans can be used effectively to free up more cash for repairs or other uses.
Potential tax implications - Purchases and paying points While tax deductibility is an important factor, paying points is only one consideration for a borrower. Paying points up front to secure a low rate, in a steadily declining interest rate market, may be simply throwing money away. If the borrower decides to refinance shortly after a purchase, the points and costs paid up front will be a wasted expense. A no closing cost out of pocket loan will not have points, and thus no deduction for that cost. Additionally, the other costs are paid for and no deduction is available.
Are there added costs involved with no closing cost out of pocket loans? No cost out of pocket loans always carry a slightly higher rate than a loan that does not pay all or some of your closing costs. In general, a no cost loan is the better strategy if you plan to keep your loan for the next year or two. Longer than that, you may want to consider paying the costs yourself to get a lower rate since over time the lower interest rate will save you more money. And if you plan to keep the loan for four to five years, it often makes sense to pay closing costs and points to get an even lower interest rate.
Points The simple way to understand points is this; points (one point is equal to 1% of your loan amount) are money you pay to BUY a lower interest rate - it's as simple as that.
If you have enough equity in your home, you can include the points in your loan amount. Your Loan Agent can help you determine what method is most beneficial to you.
Apply for one of the no-cost out of pocket loans and all your 'non-recurring'* costs will be rebated at the time of closing.
NOTE: All no-cost loans, regardless of the lender you use, require payment of 'recurring'** costs at loan closing.
Potential tax implications - Purchases and paying points While tax deductibility is an important factor, paying points is only one consideration for a borrower. Paying points up front to secure a low rate, in a steadily declining interest rate market, may be simply throwing money away. If the borrower decides to refinance shortly after a purchase, the points and costs paid up front will be a wasted expense. A no closing cost out of pocket loan will not have points, and thus no deduction for that cost. Additionally, the other costs are paid for and no deduction is available.
Are there added costs involved with no closing cost out of pocket loans? No cost out of pocket loans always carry a slightly higher rate than a loan that does not pay all or some of your closing costs. In general, a no cost loan is the better strategy if you plan to keep your loan for the next year or two. Longer than that, you may want to consider paying the costs yourself to get a lower rate since over time the lower interest rate will save you more money. And if you plan to keep the loan for four to five years, it often makes sense to pay closing costs and points to get an even lower interest rate.
Points The simple way to understand points is this; points (one point is equal to 1% of your loan amount) are money you pay to BUY a lower interest rate - it's as simple as that.
If you have enough equity in your home, you can include the points in your loan amount. Your Loan Agent can help you determine what method is most beneficial to you.
Apply for one of the no-cost out of pocket loans and all your 'non-recurring'* costs will be rebated at the time of closing.
NOTE: All no-cost loans, regardless of the lender you use, require payment of 'recurring'** costs at loan closing.
| * Non-recurring costs (rebated) | ** Recurring fees (not rebated) |
