Call 281-304-6353

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:
 
FTC weighs sweeping new rules on "commercial surveillance" and Big Data
1/1/0001 12:00 AM
The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans...Read More
 
United Airlines puts $10 million behind plan to shuttle customers by electric aircraft
1/1/0001 12:00 AM
United Airlines gave a $10 million deposit to a startup developing electric aircraft — all for the goal of shuttling customers to and from the airport by air rather than gridlocked roadways...Read More
 
Meta testing expanded encryption features amid renewed scrutiny of messaging data
1/1/0001 12:00 AM
Meta on Thursday said it is testing expanded encryption features for Messenger and Instagram, days after the company came under scrutiny for providing messages to police in an abortion-related case...Read More
 
Nearly half of all teens say they use the internet "almost constantly," survey finds
1/1/0001 12:00 AM
Nearly half of US teens say they use the internet "almost constantly," according to a new survey released on Wednesday...Read More
 
Twitter activates election policy enforcement for US midterms
1/1/0001 12:00 AM
Twitter will now label and demote misinformation about the upcoming US elections, such as false claims about how to cast a ballot or the outcomes of a race, as part of a broader set of content enforcement policies it"s activating ahead of the midterms, the company said Thursday...Read More
 
It didn"t take long for Meta"s new chatbot to say something offensive
1/1/0001 12:00 AM
Meta"s new chatbot can convincingly mimic how humans speak on the internet — for better and worse...Read More
 
SpaceX denied nearly $900 million in broadband subsidies
1/1/0001 12:00 AM
In a high-stakes decision, federal regulators announced Wednesday that SpaceX will not receive nearly $900 million in subsidies that the company was awarded in December, citing the fact that its satellite-based service is "still developing technology" and the company "failed to demonstrate that [it] could deliver the promised service....Read More
 
Nebraska teen and mother facing charges in abortion-related case that involved obtaining their Facebook messages
1/1/0001 12:00 AM
A Nebraska mother and her 18-year-old daughter are facing multiple charges in a case that involved police obtaining Facebook messages between the two that authorities allege show evidence of an illegal self-managed medication abortion, as well as a plan to hide the remains...Read More
 
More than a dozen companies developing single standard to detect cyberattacks faster
1/1/0001 12:00 AM
More than a dozen companies in the cybersecurity space are developing a single, open standard for sharing data about hacking threats, a project the companies say could help organizations detect cyberattacks more quickly...Read More
 
Live updates: Samsung unveils new foldable phones
1/1/0001 12:00 AM
...Read More





The Home Equity Network

9806 Mesa Point Ct
Houston, TX 77095