Mortgage Refinance McLean VA | (703) 594-9229 | SLS Mortgage McLean Mortgage Refinance McLean VA - http://slsmortgagemclean.com (703) 594-9229 If you're unhappy with your existing mortgage as it is, a mortgage refinance could be your solution. Before refinancing a 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 a mortgage refinance 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 refinancing mortgage, can also help lower your monthly mortgage payments. For example, some borrowers may find that when they refinance 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 a mortgage refinance. 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 a refinance, 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 home loan 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 McLean for the best mortgage refinance loans available today. We will provide guidance and help through the mortgage loan process making it your stress free solution for mortgage refinancing loans in McLean VA. To see our other videos about our available mortgage loans, visit our YouTube channel: http://www.youtube.com/user/CulpeperHomeLoans SLS Mortgage McLean (703) 594-9229 Mortgage Refinance McLean VA - http://slsmortgagemclean.com
Sunday, July 29, 2012
Mortgage Refinance McLean VA | (703) 594-9229 | SLS Mortgage McLean
Mortgage Refinance McLean VA | (703) 594-9229 | SLS Mortgage McLean Mortgage Refinance McLean VA - http://slsmortgagemclean.com (703) 594-9229 If you're unhappy with your existing mortgage as it is, a mortgage refinance could be your solution. Before refinancing a 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 a mortgage refinance 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 refinancing mortgage, can also help lower your monthly mortgage payments. For example, some borrowers may find that when they refinance 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 a mortgage refinance. 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 a refinance, 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 home loan 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 McLean for the best mortgage refinance loans available today. We will provide guidance and help through the mortgage loan process making it your stress free solution for mortgage refinancing loans in McLean VA. To see our other videos about our available mortgage loans, visit our YouTube channel: http://www.youtube.com/user/CulpeperHomeLoans SLS Mortgage McLean (703) 594-9229 Mortgage Refinance McLean VA - http://slsmortgagemclean.com
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