Why Refinancing Matters
Refinancing is replacing your existing loan with a new one with lower interest, a new payment schedule and/or better loan terms. You can also tap into refinancing to access home equity to cover major expenses.
Having a mortgage professional to help walk you through refinancing terms will make it easier for you to get a better deal. Count on The Reliability In Lending team to help you refinance your loan.
Benefits of Refinancing
Cash-Out Refinancing: This type of refinancing allows the homeowner to convert part of the home’s equity into cash. The homeowner can use this money to pay off credit cards, remodel the home, cover medical expenses, or even take a vacation.
Shorter Loan Terms: Having a shorter loan term means homeowners can pay off the mortgage faster. When refinancing the mortgage into a shorter loan program the payment may become slightly more expensive. Expect an increase in payment if the goal is to pay off the mortgage quicker. The trade-off is the homeowner will potentially save thousands of dollars in interest over the life of the mortgage.
Lower Interest Rate: When refinancing a mortgage loan, homeowners have the option to turn an adjustable-rate mortgage into a fixed-rate mortgage. Refinancing your mortgage rate can reduce the monthly payment and save you money.
Refinancing Process
The homeowner needs to contact one of Reliability in Lending’s mortgage professionals so they can get an overall picture of their financial situation. We will then guide the homeowner towards the best refinancing options.
Next, the homeowner will fill out an application and lock-in the new rate. Upon approval, the Reliability In Lending team will set a closing date. Working with one of our professionals will ensure you understand the documentation and have everything you need to refinance your home.
Better Refinancing Deals
The Reliability In Lending team offers seamless refinance loan solutions throughout Arizona. By taking into consideration your financial situation, as well as your needs, goals and desired loan terms and conditions, we can shop the marketplace for the right mortgage product for you. Our expertise extends to all mortgage loan types — from standard fixed-rate mortgages to government-backed loans, such as USDA, FHA, and VA loans. Deb Klein and her team provide invaluable assistance for those looking to refinance in the Phoenix area and throughout the state.
With competitive rates and a variety of loan options, our experienced loan professionals will procure the best possible refinancing terms for you. Our online application makes the whole mortgage refinancing process faster and easier.
Secure a refinance solution that will lessen your monthly payment. Talk to the Reliability In Lending team today and schedule a free refinancing consultation to learn more about your refinancing options.
A Better Loan Awaits You
The Reliability In Lending Team knows how intimidating it can be to find the right financing to buy, refinance, or pull equity out of a home. We offer a free consultation to create an initial assessment of your situation. Experienced loan officers will guide you through finding the right mortgage to help you realize your dreams.