Why Refinance now?

 Why Refinance now?  Mortgage Rates are still at historic lows and most people can take advantage of this opportunity to benefit from refinancing.     
If you are interested in any of the following:  

 1.  Changing the rate and/or term of your existing loan.  This may save money both on a monthly cash flow basis as well as on the amount of interest you will pay over the life of the loan. 

 2.  Access cash/equity to consolidate debt and save monthly on a monthly basis.  This can have a tremendous impact or the interest a person pays on their debt depending on how the debt is structured.

 3.  Access cash for a major purchase such as home improvements or a automobile or possibly to finance education.

 Now is the time to consider refinancing you current mortgage loan.

 Even though many loan programs have changed there is still opportunity for most people to benefit from refinancing. Things to consider when researching a new mortgage:

 1.  Government loans such as FHA loans and VA loans allow for higher loan to values and do not rely so much on credit scores as do the conforming conventional loans. 

 2.  Now is a great time to refinance if you have an adjustable rate mortgage.  Converting it to a fixed rate will provide security as well as peace of mind going forward. 

 3.  Convert your 30 year loan to a 20 year term.  Your payment may not rise and you will see great savings in the interest you will pay on the amount of the mortgage.

 Should you have any questions regarding your opportunity to refinance please contact me: 

Lee Barroll at 615-243-1301 or lee.barroll@fcmhomeloans.com