Refinance A Mortgage
With interest rates reaching record lows, you may be wondering if refinancing your mortgage is right for you. Below is a quick guide for home owners interested in lowering their mortgage payments and refinancing their home loans.
Can't wait to get started on refinancing your mortgage? Pre-qualify for a refinanced home loan now!
When Refinancing Is Right for You
While refinancing your mortgage may seem like a great opportunity for you to lower your monthly mortgage payments and reduce your debt, make sure to use a mortgage calculator and calculate if refinancing your mortgage will actually save you in the long run.
Refinancing your mortgage should be done to reduce your interest rate, shorten your term, or consolidate any revolving debt.
Refinancing your mortgage may be right for you if:
- Your goal is to get a lower interest rate and lower your monthly payment
- You Want to shorten the length of years on your mortgage.
- You need to get out of an adjustable-rate (ARM) or interest-only mortgage
- Want to create additional cash flow each month with your savings.
Refinancing your mortgage may NOT be right for you if:
- You plan on moving within a year.
- You haven’t made timely payments on your mortgage within the last 12 months.
- You are upside-down on your mortgage and owe more than your property is worth. It may be difficult to be approved for a refinanced mortgage.
How To Refinance your Mortgage
When refinancing your mortgage, you can choose to take cash out, or refinance the remaining amount on the loan. It's a good idea to call us at (916) 371-6300 or email us at Hawkins Home Loans in West Sacramento, California so we can give you a FREE Refinance Analysis to make sure it’s the right move for you.
Before you start the refinancing process, review your current situation to determine if you would quality for a refinanced home loan. Consider your income, employment history, credit score and other loan qualifiers, as these will apply on refinancing loans as they do for first time home buyers.
As you begin the refinance process, make sure to collect important documents that will be needed for home loan refinancing such as information about your current home loan, income statements, tax and property information, and homeowners insurance rates.
With most home loans, any costs incurred for your refinance can simply be rolled into the new loan. We will keep any refinancing costs to a minimum and will go over them in person so there are not any surprises at closing.
Mortgage Calculators for Refinancing
Want to learn about mortgage rates for refinancing, or determine if refinancing your mortgage is right for you? Contact us today!
This is my second transaction with Lori. I would look no further if you are looking for someone who is knowledgeable in the business. She makes the lrocess so easy.
Would highly recommend Lori. I’ve completed many loans with Lori and every time she has my best interest at heart. Her office is amazing, they always respond quickly to my questions.
Lori just closed two refinances for me in record time. Ahe got me the best rate out there. Her offixe is alqaya plesant to work with. Comminication is always wonderful. I would recommend you work with Lori od you are in the housing market.
Lori and her team are always amazing. This is my third transaction with her and they are always on the ball. She makes refinancing an easy process and I would highly recommend her for your fianncing needs.
Lori was tremendously helpful, answered all of our questions, and was very responsive. Her patience with us in answering questions and double checking on information. We would highly recommend her to anyone in the future!!
I did a refi loan with Lori. She answered alot of my questions and concerns with my loan. She was also very patience with me since I had lots of questions and concerns on my loan.
We had an excellent experience with Hawkins Home Loans and would recommend them for your next purchase or refinance! Thank you Lori and your whole team.
As a new first-time home buyer I had many questions about the process and Lori and her team made it easy and an enjoyable experience. I highly recommend Lori Hawkins!
This is the second time we work with Lori she is very friendly and helpful. She always make sure that we understand the whole process and that we 100 % happy with our loan. We’re really greatfull to find her she’s Amazing.
Great company to work with. Always responds back fast. Im a very busy person with work, so its helpfull when the office answers promptly. I would really recommend Lori and her team. She is very passionate about her work and doing what is best for your family.