Low Rates on refinances for all types of residential and commercial properties in the 50 states. We guarantee our clients the best deals in the market. If you have already received term sheets from another lender, feel free to email it over so we ensure beating those rates with better terms.
1. What is Refinance?
Refinancing is a process of replacing a current loan with another loan that offers better terms for existing homeowners. The purpose of refinancing is to reduce the monthly mortgage payments as well as the overall mortgage amount owed on a specific property or cash out on potential equity based on the property value.
It is crucial to know your current property value, interest rate, and the loan amount owed before you decide to refinance.
2. Can you refinance on a lease to buy?
No, you can only refinance on a property that you currently own, even if the property had already been paid off.
3. How does An ESCROW REFUND work with A refinance?
When you refinance your mortgage, either you refinance rate and terms or refinance cash out. The new lender will set up the new escrow account and you can expect an escrow refund sent directly to you in form of check in the mail.