Mortgage Tune-UpShould You Refinance Your Mortgage?
We Will Evaluate Your Existing Mortgage For Free
Call Us At (916) 672-6130 orAsk an Expert Click Here
Give your mortgage an annual once over:
If the last time you looked at your mortgage was when you closed on your loan, it's time to take it out for an annual once over. New loan programs and opportunities to leverage your home equity can bring you lower mortgage payments and new investment opportunities. Don't forget to look at your Mortgage Insurance as there have been dramatic changes with lower rates that will lower your payments even if your interest rate doesn't lower (FHA Streamline). FHA lowered the Mortgage Insurance premiums by .5% January of 2015, so refinancing could save your hundreds.
Is a fixed-rate mortgage the best choice for you?
Many of us opt for the certainty of a 20 year or 30 years fixed-rate mortgage when we get our first mortgage. If you are considering refinancing you might want to consider a 15 year or a 10-year loan to save interest and take advantage of the historic low interest rates. The savings you receive can well be worth switching to a 10 or 15-year loan. This could be a great retirement planning tool as well.
Are you paying for Private Mortgage Insurance (PMI) Or FHA MMI?
There are a lot of new loan programs available that can help you eliminate PMI, even if you have less than 20% equity in your home. The monthly savings adds up quickly. This money can be put to better use to help you achieve other short-term and long-term financial goals. In addition in January of 2015 FHA lowered the monthly mortgage insurance premium by .5%, which coupled with lower interest rates could save hundreds a month and thousands over the life of the loan.
Are your taxes and insurance up to date? Due December 10 and April 10
Even though your mortgage servicer is responsible for paying your taxes and insurance out of your escrow account, it just makes sense to periodically check to see that these payments are being made properly. While you're at it, you'll want to review your homeowner's insurance policy. It's a good idea to review your policy every two to three years to make sure it covers recent home improvements, replacement costs for the contents of your home, and that its reconstruction coverage is keeping pace with inflation.
Was Your Original Loan a High Balance Loan?
A high balance loan is one that exceeded FNMA and FHLMC (Fannie Mae and Freddie Mac) standard Loan limits. If your original loan was one these loans limits raise every year so you might be able to get a lower rate just because the loan limits have raised. We now have conventional low-rate loans up to 565,000 with rates in the 2's and 3's.
Taylor Make the Term of your new loan the same or less than your existing Loan.
Maybe you think you have paid a few years on your loan and don't want to take it back to a 30-year loan if you only owe 28 or less. We can make the term of the loan fit your existing loan or make it less to save you money on interest over the long term. This is a smart refinance. Be financially smart and get ahead by choosing a shorter-term mortgage.
Do you have a Home Equity Line of Credit (HELOC) for emergencies?
Many homeowners are making the proactive choice to secure a Home Equity Line of Credit (HELOC) for emergencies. A HELOC is a revolving line of credit that only charges interest when you actually draw money from the line of credit. As you repay the balance of the draw, the credit becomes available again. Securing a HELOC in advance can be a great help if you're ever laid off or have an unexpected medical or other emergencies. Although these are very tough to find in today's world they can still be effective.
How's your credit report?
The information in your credit report has a huge impact on whether or not you will again qualify for a mortgage loan. That?s why it?s important to periodically check your credit report. We have a credit repair company that we refer people to that have had challenged credit so give us a call and we can direct you to a higher credit score and better interest rates.
Now it's even easy to do so. A recent amendment to the federal Fair Credit Reporting Act (FCRA) mandates that each credit reporting company provide you with a free copy of your credit report, at your request, once a year. To request your free credit report, visit http://www.annualcreditreport.com. (Free reports are being phased in over a nine-month period, rolling from the west coast to the east beginning December 1, 2004. By September 1, 2005, free reports will be accessible to all consumers.)
Is it time to refinance?
The timing might be right to refinance your mortgage loan. New low rates may help you significantly lower your monthly payment. Or you might want to cash out some of the built-up equity in your home, which you can use to consolidate debt, improve your home, take a vacation - whatever! Perhaps by refinancing you can even pay off your mortgage sooner!
Do you need to improve your home or pay for college?
Maybe your heating and air system need replacement. Has your roof reached its useful life? Is your kitchen and bathrooms in need of updating? The equity in your home can be used to upgrade these and more. We offer energy efficient mortgages to help upgrade your home so that your utility bills will be lower. We can also finance a solar system if you wish to add one to your home.
We'll work with you to determine if the timing is right to change your loan program. Or if you are considering your cash out of your home and how likely you are to sell your home in the near future, and what effect refinancing might have on your future plans.
For your Free Mortgage Tune-Up analysis please submit this secure form
keywords: mortgage tune-up, mortgage tune up, tune up my mortgage, free mortgage review, review my mortgage, review my home home loan, mortgage review, check my mortgage, do i have a good loan, home loan reviews, loan reviews, review my loan, loan analysis, mortgage look over, state of my mortgage, mortgage analysis, free mortgage analysis, free mortgage analysis, review my mortgage, review my home loan, home loan reviews, review your mortgage, online mortgage analysis, free online mortgage analysis, mortgage checkup, home loan checkup, home loan check-up, mortgage check-up, mortgage health analysis, the health of my loan, loan check-up, loan checkup, mortgage term, lower fixed rates, rehabilitate a home, home fix up money, equity cash out, should I take cash out of my home, should I refinance, should I lower the term of my mortgage, mortgage help, PMI reduction, ride PMI, PMI rate reduction, PMI help, private mortgage insurance dropping, how to drop PMI, should I drop PMI, do i have a healthy home loan, home loan tune-up, free home loan analysis, Free mortgage checkup, free mortgage check, mortgage fixer, mortgage questions, home loan questions, Mortgage FAQ, home loan faq,time to refinance, free mortgage evaluation, mortgage check, check your mortgage free, check my mortgage, do i have a good loan, should i refinance, home loan questions, loan types, what are the best loans, who has the best home loans, home loans made easy, what should I know before I refinance, should i refinance, should I look at my mortgage, how to analyze my home loan, do I have a good loan, should I refinance, Are there new home loans, free home loan, no cost loans, no cost home loans, what is a no cost home loan, no-cost refinance, no cost home loan refinance, who does no cost home loans, Sacramento no cost loans, California no cost home loans, California home loans, California Home lenders, California home loan brokers, California loan brokers, Mortgage Brokers in California, Lenders California, Refinance Lenders California, Online refinance lenders, FHA Streamline online, Mortgage tune ups, Free Mortgage tune ups, MAE Capital Mortgage Tune up, Free Mortgage evaluation, Mortgage evaluation, Loan evaluation, free loan evaluation, free home loan evaluation, evaluate my home loan, who evaluates home loans, who evaluated existing home loans, how to evaluated my home loan, should I refinance my home loan, is my loan still good, loan tuneup, check mortgage payment, mortgage payment check, mortgage payment refinance, free mortgage check, check my mortgage, FREE mortgage evaluation, Is my loan ok, should I refinance my home, when should I refinance my home, fine tuning my mortgage, how to lower my mortgage, lower mortgage term, advantages of a lower term mortgage, advantages of a 15 year loan, Free mortgage evaluation, free home loan advice, free refinancing advice, for advice3 on your home loan, FHA refinance advice, private mortgage insurance advice, getting rid of mortgage insurance, hot to get rid of mortgage insurance, free mortgage evaluation, Is my mortgage the correct one, how to analyze my mortgage, check to see if my mortgage is right, is my mortgage the right one, when to refinance, is it a good time to refinance my house, can i refinance my house sacramento credit repair, mortgage credit repair , hints and tricks to buying a home, Is it time to give your mortgage a tune-up? - CA, How do I find out if I should Refinance. Should I Refinance my home, when do I refinance my home, When should I refinance my home loan, should I take out a line of credit on my house, free Mortgage Analysis, Tune-up your home loan, , hey siri is it time to refinance my h0ome, should I refinance my home now, should I make extra payments on my mortgage, advantages of having a mortgage what do I need to do to Refinance my home, what is going on with interest rates, should I refinance my home now, spring mortgage cleaning, how do I drop PMI, how do I drop Mortgage Insurance on my home loan, what do i need to know about my mortgage, how should I check on my mortgage, why check my mortgage annually, how to evaluate my current mortgage, when should I refinance, refinance calculators, home refinance questions, evaluate my current mortgage, home loan test, home loan evaluator, is it time to refi, free mortgage check , check my mortgage check my home loan, money rates, money refi, redo my home loan, how to redo my mortgage, mortgage evaluation tools, Mortgage Refinance, is it time to refinance, reset mortgage, refi mortgage, mortgage refi, #refinance, #homeloanrefi, #mortgagetuneup, #lowrates, #lowestinterestrates, evaluate my mortgage, mortgage refi options, do i have the best mortgage, analyze your mortgage, mortgage evaluation, mortgage consultation