Mortgage Refi

Mortgage RefiMortgage Refinancing Facts

How do you like the sound of paying a lower interest rate on your mortgage? Or what if you could get the option of paying a fixed rate, rather than an adjustable rate? This is possible if you work with us for mortgage refinancing. A wise move to make if you don’t want to stay in that original mortgage and go through the bother of taking out a new one, a mortgage refinance could actually benefit you in a number of ways.

The Perks of Mortgage Refi

Once you have paid off your first loan, you can easily (and not to mention swiftly) take out a new one. This is a mortgage refi and it is the perfect choice for a borrower who has a pretty good credit history. Three of the main ways in which you can enjoy the perks of doing so include:

  1. Reduce your monthly payment – The first loan’s closing costs can be put into the new loan.
  2. Pay off your mortgage quickly – If you are in a situation whereby you aren’t making the kind of income you were when you bought your home, a mortgage refinance could be very helpful in offsetting your reduced income.
  3. Use your home’s equity – Tap into the equity that has built up on your home and use the costs to fund life’s little pleasures.

It is also possible to settle debts and further improve your credit score if you take the time to communicate and work with mortgage refinancing experts. The size of the interest paid on your mortgage could shrink too, so what are you waiting for? Getting the right guidance is critical to ensuring you obtain a low interest rate, so when you know the time is approaching to make the decision between taking out a new mortgage or refinancing an existing one, talk to one of our professionals!

If you need more information about mortgage refinancing or want help consolidating your debts, contact our team here at Paramount Equity at 855-333-5336.

 

The Paramount Pledge™ – Triple Protection

The Paramount Pledge. It is our promise to you that we’ll provide the best rates, won’t charge you an application fee to lock in a rate and will ensure we can close and lock in a rate at the terms we provide.

No Application Fee – Other lenders charge hundreds of dollars to start the loan process with you. Paramount Equity Mortgage® will never ask you to pay an application fee just to lock in your rate.
Better Rate Warranty – After you complete a loan with us, we will cover most of the cost to refinance or purchase within the next seven years, for any reason.
Set & Secure Closing Guarantee™* – Once we receive all required borrower information, your signed disclosure and lock your loan, we guarantee we can close your loan at the rate and terms we provided. If we can’t, we will pay you $500.
* The Set & Secure Closing Guarantee is not valid in the event that there is an unforeseen change such as, an appraisal coming in under value, undisclosed debt at the time the loan was pre-qualified, a change in income due to loss of job or change in employment, etc. This guarantee is also not valid in the event that you withdraw your application or request a change to the terms of your loan. A change in terms would consist of, but is not limited to, a change in loan amount, fixed vs. adjustable rate, number of years the loan is amortized, adding/removing a borrower, etc.