Houston Mortgage,Houston Home Equity,Houston Home Equity Loan,houston home loan,Houston Realtor,Houston Real Estate,Houston Equity,Texas Mortgage,Texas Real Estate,Texas Home Equity,texas home equity loan,Texas home loan,Texas Equity,Orlando Mortgage,Orlando Real Estate,Orlando Home Equity,orlando home loan,Orlando Equity,Florida Mortgage,Florida Real Estate,Florida Home Equity,Florida Equity,California Mortgage,California Real Estate,California Home Equity,California Equity,mortgage,equity,debt consolidation,home loan,home equity loan,real estate,real estate investingWhich refinancing option is best for you?

We'll work with you to qualify you for the best loan program to fit your needs.

Are you refinancing primarily to lower your rate and monthly payments? Your best option might be a low fixed-rate loan. Maybe you have a fixed-rate mortgage now with a higher rate, or maybe you have an ARM- adjustable rate mortgage where the interest rate varies. Even if it's low now, it is most likely temporary, when you qualify for a fixed-rate mortgage you lock that low rate in for the life of your loan. This is especially a good idea if you don't think you'll be moving within the next five years or so. If you see yourself moving within the next few years, an ARM with a low initial rate might be the best way to lower your monthly payment.

Are you refinancing primarily to cash out some home equity? Maybe you want to pay for home improvements, pay your child's college tuition bill, take your dream vacation. Then you'll want to qualify for a loan for more than the balance remaining on your current mortgage. If you've had your current mortgage for a number of years and/or have a mortgage whose interest rate is higher, you may be able to do this without increasing your monthly payment.

You want to cash out some equity to consolidate other debt? Good idea! If you have the equity in your home to make it work, paying off other debt with higher interest rates than the interest rate on your mortgage for example, credit cards, home equity loans, car loans, some student loans -- means you can save possibly hundreds of dollars a month.

Do you want to build up home equity more quickly, and pay off your mortgage sooner? Consider refinancing with a shorter-term loan, such as a 15-year mortgage. Your payments will be higher than with a longer-term loan, but in exchange, you will pay substantially less interest and will build up equity more quickly. If you have had your current 30-year mortgage for a number of years and the loan balance is relatively low, you may be able to do this without increasing your monthly payment -- you may even be able to save! For example, let's say years ago you took out a $150,000 30-year mortgage at eight percent. Your payment is about $1,100, without taxes, insurance and so on. If your balance today is down to $130,000, you might take out a 15-year mortgage at six percent and have an almost identical monthly payment. This is a great option for people whose main goal is not to save money on their monthly payment but rather want to build up equity and pay off their home more quickly.

Apply Now & Qualify Today!!!

Lates Technology News:
 
Growth consumed Silicon Valley. Now it"s searching for its moral compass
1/1/0001 12:00 AM
For years, tech companies pitched their products as tools for making the world a better place. Now, a growing number of tech veterans who were instrumental in building companies ranging from Google to Facebook and Twitter have admitted they didn"t give enough thought into how their products could be used to do the opposite. ...Read More
 
Robots find a new job: Skyscraper window washers
1/1/0001 12:00 AM
A skyscraper window washer regularly ranks among the toughest jobs in the world. ...Read More
 
Best Buy cancels pre-orders for the Samsung Galaxy Fold
1/1/0001 12:00 AM
The Galaxy Fold saga continues. ...Read More
 
Facebook is leaving clues about a possible cryptocurrency launch
1/1/0001 12:00 AM
Facebook has registered a new blockchain unit in Switzerland and hired more experts to develop payments on WhatsApp. It has also caught the attention of regulators. ...Read More
 
SpaceX launches first batch of 60 internet satellites in landmark mission
1/1/0001 12:00 AM
SpaceX just vaulted a rocket full of 60 satellites into the sky, marking a huge leap forward on its mission to put up a megaconstellation that could beam cheap broadband all over the planet. ...Read More
 
Microsoft pulls Huawei laptops from its online store
1/1/0001 12:00 AM
Another US tech giant is distancing itself from Huawei. ...Read More
 
Trump suggests using Huawei as a bargaining chip in US-China trade deal
1/1/0001 12:00 AM
US President Donald Trump has raised the possibility of easing restrictions on Huawei as part of a broader trade deal with Beijing, despite labeling the Chinese telecommunications giant "very dangerous." ...Read More
 
Mounting antitrust scrutiny has Silicon Valley on the defensive
1/1/0001 12:00 AM
On Tuesday morning, the Senate Judiciary Committee gathered for a hearing with a dry, forgettable title: "Understanding the Digital Advertising Ecosystem and the Impact of Data Privacy and Competition Policy." It would have been clearer to say it was a meeting about power, and whether some Silicon Valley giants have amassed too much of it.
Read More
 
Facebook removed 2.2 billion fake accounts in three months
1/1/0001 12:00 AM
Facebook took down 2.2 billion fake accounts between January and March, a record high for the company. ...Read More
 
Amazon might be working on a smart watch that can sense your feelings
1/1/0001 12:00 AM
Alexa, how am I feeling today? Amazon may be getting into the business of reading your emotions. ...Read More