Refinance Home Loan

Refinance Home LoanGuidelines To Help Refinance House Loans

If you are considering a house refinance loan for any time in the near future, you can’t start planning too early. Your credit score is important in determining the types of loans for which you qualify. Additionally, the best rates are available to applicants with the highest credit scores.

A professional lender who helps refinance house loans can evaluate your current credit status and equity in your home. Using this information, you will have a better idea of just what home refinancing options you have now, as well as what you can do to increase those opportunities.

Refi Home Loans To Meet Different Objectives

When it comes time to apply for a refinance home loan, the steps you take now to improve your credit standing can have a big impact. Many people are surprised at the number of simple steps they can take to improve their FICO score.

You’ll get a better rate and have more refinance home loan programs to choose from if you will:

  • Manage your credit accounts and make timely payments. Your credit score is a way to show you are a responsible borrower, and the best indication of that is avoiding any record of slow or delinquent payments.
  • Deal with any bills that are already in a collections status. When delinquent accounts remain outstanding, they have a negative impact on your overall credit score.
  • Don’t max out on your credit lines. Your total credit-to-debt ratio is a key part of your FICO score. Don’t close your open accounts, but try to stay well below your available limits on each account.
  • Be very select in opening new accounts. One factor that will decrease your score in the short-term is new accounts. Only add credit that you actually need when you are considering a home refi.

Visit with one of our mortgage specialists and let us know you want to refinance your house. We will provide lots of helpful hints and tips. Questions? Contact Paramount Equity® today. We look forward to helping you.

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.