Choosing a Refinancing Loan

The huge number of refinance options available is truly breathtaking. Contact us at 3606069085 and we'll help you qualify for the best loan program to fit your needs. There are some general questions to ask yourself as you look at the choices.

Reducing Your Monthly Payments

Is your refinance primarily to lower your rate and monthly payments? If so, getting a low, fixed-rate loan might be a good option for you. Perhaps you are presently in a mortgage with a high, fixed interest rate, or a loan in which the interest rate varies : an adjustable rate mortgage (ARM). Even as interest rates rise, a fixed-rate mortgage loan will remain at the same, low interest rate, unlike an ARM. If you aren't expecting to move in the near future (about 5 years), a fixed rate mortgage loan can especially be a great choice. On the other hand, if you do see yourself moving within several years, an ARM mortgage with a low initial rate might be the ideal way to lower your monthly payments.

Getting Out some Cash

Are you refinancing mainly to "cash out" some home equity? It could be you need to make home improvements, take care of your college kid's tuition, or take a cruise. Then you will need to get a loan for more than the remaining balance on your current mortgage.With this goal, you want If you've had your existing mortgage for quite a while and/or have a loan with high interest, you might\could be able to do this without increasing your mortgage payment.

Consolidating Debt

Perhaps you hope to cash out some of the equity (cash out) to put toward other debt. If you have a fair amount of equity, taking care of other debt with rates higher than your home loan (credit cards or home equity loans, for example) might help save you a chunk of cash every month.

Switching to a Shorter Term Loan

Do you want to build up home equity quicker, and have your mortgage paid off faster? You should consider refinancing to a short-term loan, such as a 15-year mortgage. You will be paying less interest and increasing your equity more quickly, even though your mortgage payments will usually be bigger than they were. Conversely, if your existing longer term mortgage has a low balance remaining, and was closed a while ago, you may even be able to make the change without paying more each month. To help you understand your options and the multiple benefits of refinancing, please call us at 3606069085. We would love to help you reach your goals!

Curious about refinancing? Give Chase a call at (360) 606-9085.

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I’m Licensed to provide loans throughout the states of Washington and Oregon, and I’m very active in, but not limited to, the following cities; Seattle, Bremerton, Olympia, Tacoma, Spokane, Vancouver, Camas, Portland, Lake Oswego, Beaverton, Clackamas, West Linn, Bend, Redmond, Sisters, Salem, Medford, Klamath Falls.  

Please call for all Home Loan Mortgages, such as but not limited to, Purchase Loans, Refinance Loans, Conventional, FHA, VA, Primary Residence, Second Homes, Investment Home, Rental Homes, Cash Out Loans, etc.