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:
 
Why China"s answer to Boeing isn"t as "homegrown" as it seems
1/1/0001 12:00 AM
China is claiming a historic win this week after its answer to Boeing and Airbus, the C919, took to the skies for its first commercial flight...Read More
 
Amazon fires Alabama warehouse worker who led union push
1/1/0001 12:00 AM
An Amazon worker who helped lead a milestone organizing effort to form what would have been the company"s first US union at a warehouse in Alabama said she has been fired by the e-commerce giant...Read More
 
Twitter loses its top content moderation official at a key moment
1/1/0001 12:00 AM
Twitter has lost its top content moderation official just weeks before the company is set to undergo a regulatory stress test by European Union officials focused on its handling of user content, in the latest sign of turbulence at the company under owner Elon Musk...Read More
 
Airbnb sues New York City over its short-term rental restrictions
1/1/0001 12:00 AM
Airbnb on Thursday sued New York City over its restrictions on short-term housing rentals, in a legal dispute that pits the company"s concerns about its ability to operate in a key market against the city"s efforts to address an affordable housing crisis...Read More
 
Apple may soon show off its biggest and riskiest new hardware product in years
1/1/0001 12:00 AM
Next week, Apple may unveil its most ambitious new hardware product in years, but it"s in a product category that is anything but a proven winner...Read More
 
Elon Musk says his Shanghai factory makes the "highest quality" Teslas
1/1/0001 12:00 AM
Tesla CEO Elon Musk has wrapped up his first trip to China in three years, after meeting a string of government officials and thanking workers at the company"s mega factory in Shanghai...Read More
 
Twitter"s head of trust and safety says she has resigned
1/1/0001 12:00 AM
Twitter"s head of trust and safety Ella Irwin told Reuters on Thursday that she has resigned from the social media company...Read More
 
Reddit sparks outrage after a popular app developer said it wants him to pay $20 million a year for data access
1/1/0001 12:00 AM
Twitter has been widely criticized for trying to charge transit agencies, third-party app developers and academics for data access to its platform, a move opponents say has forced independent apps to shut down and threatened research on misinformation and hate speech...Read More
 
National Eating Disorders Association takes its AI chatbot offline after complaints of "harmful" advice
1/1/0001 12:00 AM
An eating disorder prevention organization said it had to take its AI-powered chatbot offline after some complained the tool began offering "harmful" and "unrelated" advice to those coming to it for support...Read More
 
Job site ZipRecruiter cutting 20% of its staff
1/1/0001 12:00 AM
Fewer employers looking for workers means 270 employees at job search site ZipRecruiter will soon be out of a job...Read More





The Home Equity Network

Houston, TX