Refinance
Relieve yourself from those ever increasing and high adjustable loan rates, lock in a fixed rate, need extra cash to renovate or consolidate those high interest rate credit cards into one single low rate, or just to simply lower your monthly mortgage payments. These are just a few of the reasons to refinance with Ascent Home Loans. At Ascent Home Loans we won’t stick you into a cookie cutter loan. We tailor each loan to the individual borrowers refinancing needs.
There are many things to consider when refinancing your home.
First of all is how long do you intend to stay in your home? The rule of thumb is that you should refinance anytime your savings from a lower monthly payment will pay back the closing costs over a time period shorter than how long you plan on living in your home. On this note, please be aware that lenders, especially those advertising no closing cost refinances on TV are just not true. There is no such thing as a no closing cost loan. What a lender will do is add those closing costs into the principal loan amount by raising it, or by increasing your interest rate.
One thing to remember is when you are ready to move forward on your refinance, it is best to talk to a mortgage professional about your refinancing options, rates and expenses. To learn more call us at 707-494-8532 or toll free 877-392-0674 or email us by clicking Scott Dovala Branch Manager.