Don’t be a prisoner to rates of years past. Talk to an Advisors Mortgage Group loan officer about how you can get a better rate on your existing home loan.
Don’t be a prisoner to rates of years past. Talk to an Advisors Mortgage Group loan officer about how you can get a better rate on your existing home loan.
When rates are low, refinancing your home is an attractive and popular option for many homeowners. However, there is often more to refinancing than simply searching for the best rate.
At Advisors Mortgage Group, we offer very competitive rates — but that is just the beginning. Often customers consult with Advisors simply to find a lower rate, but our loan officers won’t just stop there. Instead, they will take a look at a customer’s whole profile to help them understand their entire financial picture.
Advisors Mortgage Group officers never just hurry refinancing customers through the process. They take their role as advisors seriously (it’s even in the name!). Sometimes, a simple refinance doesn’t make the most sense for homeowners.
The officers at Advisors help homeowners know what will happen to their rate or their savings if they take cash out. At times, it may make more sense for customers to pay off their debt, which Advisors can help clearly outline. Our role is to help our customers understand what makes the most financial sense for them and their family.
Advisors Mortgage Group prides itself on being a valued resource for our customers. We live and work in the same area as our customers, so firmly believe in our role as a steward of our community. We strive to always represent best practices through transparency, commitment and dedication to our customers and their goals.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Unlike buying a home, there is no pre-approval stage required when refinancing a home. The first step in refinancing is simply to apply. Similar to the mortgage process, the lender will evaluate your current financial status before providing a rate and an approval.
Many online lenders will push you through this process. However, to get a better rate along with big picture financial assessment, talking with a local lender, like Advisors Mortgage, is essential.
Once you have chosen your lender, you may lock in or choose to float your rate.
As with the initial mortgage process, the refinancing underwriting process will examine your current financial situation. They will also order an appraisal of your current home in order to establish your refinancing options.
Depending upon the value of your home, you may be able to take cash out or get rid of your PMI. The higher your home’s appraisal, the more options will be available to you.
Prior to your closing, your loan officer will send you a closing disclosure, which includes all of the details of your refinance. Typically, closing for a refinance moves much faster than the closing process with a new home purchase, however the speed will be determined by the market and volume of closings in your area.
At the closing, you will sign all paperwork and pay any closing fees. Any cash out will likely be issued within a few days post closing.
Get a better rate and the best service by talking to the experts at Advisors Mortgage Group for transparent, customer-first refinancing.
Mortgage rates and refinancing rates are not always the same. Advisors Mortgage Group offers competitive rates for both mortgages and refinancing. Talk to your loan advisor to find out the best rate for you.
The amount of cash available varies for every customer, based on credit score, home appraisal value, and level of equity in the home. Talk to your individual loan officer to see the amount available to you.
That depends upon the structure of your initial loan, current terms and status of outstanding payments and equity. Your Advisors Mortgage Group officer will be able to provide advisement based on your unique situation.
Advisors is a multi-state mortgage banker that believes in delivering a seamless, stress-free mortgage experience to all of our customers.
Apply Now