Refinance Mortgage Charlottesville VA Mortgage Refinancing Charlottesville VA - http://homemortgagecharlottesville.com (434) 260-7773 SLS Mortgage of Charlottesville If you're unhappy with your existing mortgage as it is, mortgage refinancing could be your solution. Before you refinance mortgage, however, be aware that this can either be a smart money move, or it can be a financial disaster. There are a number of reasons why people refinance their mortgages. One of the biggest advantages of mortgage refinancing, for instance, is getting lower monthly mortgage payments. This can be achieved a few different ways. First of all, some borrowers may find that by refinancing their mortgages, they are able to secure lower interest rates, particularly if their credit has improved since they got their original mortgage. Borrowers might also consider mortgage refinancing to switch from a variable interest rate to a fixed interest rate or vice versa. Lengthening the term of the new loan, which can also be achieved by mortgage refinancing, can also help lower your monthly mortgage payments. For example, some borrowers may find that by refinancing their mortgage to a 30 year term, they can save hundreds of dollars each month. Of course, in the long run they will also usually pay more in interest. On the other hand, some borrowers may be looking to shorten the term of their mortgage when they consider mortgage refinancing. Although this type of mortgage refinancing option will usually result in higher monthly payments, borrowers will typically end up paying less in interest, since more of their mortgage payments go toward the principal of the loan. Borrowers who have built up equity in their homes might also want to consider refinancing their mortgage, since it can give them access to large amounts of cash. For example, if a borrower owes $200,000 on their existing mortgage and their home is appraised at $250,000, they have built up $50,000 in equity. By refinancing their mortgage for the value of the home, the borrower can pocket the difference, which in this case would be $50,000. The money received can then be used for such things as putting a child through college, paying off credit card debt, or even remodeling the home. Call SLS Mortgage of Charlottesville for the best mortgage refinancing loans available today. We will provide guidance and help through the mortgage loan process making us your stress free solution for mortgage refinancing loans in Charlottesville VA. To see our other videos about our available mortgage loans, visit our YouTube channel: http://www.youtube.com/user/CulpeperHomeLoans SLS Mortgage of Charlottesville (434) 260-7773 Mortgage Refinancing Charlottesville VA - http://homemortgagecharlottesville.com
Tuesday, June 19, 2012
Refinance Mortgage Charlottesville VA
Refinance Mortgage Charlottesville VA Mortgage Refinancing Charlottesville VA - http://homemortgagecharlottesville.com (434) 260-7773 SLS Mortgage of Charlottesville If you're unhappy with your existing mortgage as it is, mortgage refinancing could be your solution. Before you refinance mortgage, however, be aware that this can either be a smart money move, or it can be a financial disaster. There are a number of reasons why people refinance their mortgages. One of the biggest advantages of mortgage refinancing, for instance, is getting lower monthly mortgage payments. This can be achieved a few different ways. First of all, some borrowers may find that by refinancing their mortgages, they are able to secure lower interest rates, particularly if their credit has improved since they got their original mortgage. Borrowers might also consider mortgage refinancing to switch from a variable interest rate to a fixed interest rate or vice versa. Lengthening the term of the new loan, which can also be achieved by mortgage refinancing, can also help lower your monthly mortgage payments. For example, some borrowers may find that by refinancing their mortgage to a 30 year term, they can save hundreds of dollars each month. Of course, in the long run they will also usually pay more in interest. On the other hand, some borrowers may be looking to shorten the term of their mortgage when they consider mortgage refinancing. Although this type of mortgage refinancing option will usually result in higher monthly payments, borrowers will typically end up paying less in interest, since more of their mortgage payments go toward the principal of the loan. Borrowers who have built up equity in their homes might also want to consider refinancing their mortgage, since it can give them access to large amounts of cash. For example, if a borrower owes $200,000 on their existing mortgage and their home is appraised at $250,000, they have built up $50,000 in equity. By refinancing their mortgage for the value of the home, the borrower can pocket the difference, which in this case would be $50,000. The money received can then be used for such things as putting a child through college, paying off credit card debt, or even remodeling the home. Call SLS Mortgage of Charlottesville for the best mortgage refinancing loans available today. We will provide guidance and help through the mortgage loan process making us your stress free solution for mortgage refinancing loans in Charlottesville VA. To see our other videos about our available mortgage loans, visit our YouTube channel: http://www.youtube.com/user/CulpeperHomeLoans SLS Mortgage of Charlottesville (434) 260-7773 Mortgage Refinancing Charlottesville VA - http://homemortgagecharlottesville.com
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