Home Refinance Loans without the Hassle!
Refinancing could save you a considerable amount of money over the life of your loan and potentially improve your overall financial outlook.
We’re here to make the home refinance process easier, with tools and knowledge that will help guide you along the way, starting with a refinance analysis request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you.
The Home Refinance Process
Here’s how our home refinance process works:
- Complete our simple home refinance analysis request
- Receive options based on your unique criteria and scenario
- Compare mortgage interest rates and terms
- Choose the offer that best fits your needs
Lower My Rate or Payments
One of the most common reasons why you would want to refinance is because you can lower your monthly mortgage payment. A number of reasons exist why refinancing will do this, the most common being a lower interest rate, but that’s not the only one. Here are a few reasons how you can lower your monthly payment:
Lower Your Interest Rate
A lower interest rate can substantially reduce your monthly obligation towards your mortgage payment. A small reduction in your interest rate will yield thousands of dollars in savings over the life of the loan. Interest rates are still at historical lows. Contact us today to get a quote in seconds!
Remove Mortgage Insurance
If you originally financed your home with less than 20% of a down payment, you likely have mortgage insurance you are paying in addition to principal and interest. Refinancing now that you have more equity can remove that additional cost and reduce your monthly payment.
Change from FHA to Conventional
FHA Loans are great to get into a home with less of a down-payment. You might be surprised to see how much money you could save each month by refinancing to a Conventional loan now should you have the equity in the home to do so.
Change The Terms of Your Mortgage
If you have 20 years left on your loan and you refinance to a 30-year loan, you will have lower mortgage payments as you will be borrowing less for a longer period of time.
Consolidate My Debt
That time of the month when you sit down to pay the bills is here, all of them. Instead of writing multiple checks out to different creditors, why not roll that debt into a single loan – your home loan? At Clear Mortgage, we can help you identify the best sources of debt to consolidate and ensure they are neatly packaged into your mortgage payment. You’ll find that you’ll likely spend less per month in addition to simplifying the day you pay your bills. Let us know if you’re ready to start saving today!
Get Cash From My Home
Owning a home has its rewards beyond your claim to property. A home loan can be a valuable financial asset in which you can borrow money to pay for many things. With a Cash-Out Refinance, you can pull out some of the equity you have in your home to:
- Pay off Debt
- Pay for your child’s college tuition
- Buy a New Car
- Power your next Investment