MORTGAGE.INFO LENDER HOTLINE: 888-581-5008 If you are experiencing financial stress because of your mortgage, it may be time to consider refinancing your home. Here are mortgage.info we want to arm you with the best information to help you choose and finance in the most efficient ways. What Is A Refinance? A refinance is pretty straight forward, it is financing, and setting up mortgage payments again. However typically with a new loan there will be savings with the interest rates and possible with the monthly payments. Essentially you will be paying off your old loan by obtaining a new one. When you have applied for a refinance there will be a few documentation checks of your credit score and payment history, your income and employment, and there will be an appraisal to determine the current value of your home. These check will vary on the type of refinance you choose to do. A very popular refinancing option, Streamlined Refinancing, will not require many of these. Why Refinance? If you are experiencing financial stress, or would like to take advantage of new lower rates refinancing could be for you. Homes that have little or no equity, or homes that are underwater are great candidates for a refinancing.

1. MORTGAGE.INFO
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

2. Ifyouareexperiencingfinancial
stressbecauseofyourmortgage,it
maybetimetoconsiderrefinancing
yourhome.Herearemortgage.info
wewanttoarmyouwiththebest
informationtohelpyouchooseand
financeinthemostefficientways.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

3. WhatIsARefinance?
Arefinanceisprettystraight
forward,itisfinancing,andsetting
upmortgagepaymentsagain.However
typicallywithanewloantherewill
besavingswiththeinterestratesand
possiblewiththemonthlypayments.
Essentiallyyouwillbepayingoff
youroldloanbyobtaininganewone.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

4. Whenyouhaveappliedforarefinance
therewill beafewdocumentation
checksofyourcreditscoreandpayment
history,yourincomeandemployment,and
therewillbeanappraisaltodetermine
thecurrentvalueofyourhome.These
checkwillvaryonthetypeofrefinance
youchoosetodo.Averypopular
refinancingoption,Streamlined
Refinancing,willnotrequiremanyof
these.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

5. WhyRefinance?
Ifyouareexperiencingfinancial
stress,orwouldliketotake
advantageofnewlowerrates
refinancingcouldbeforyou.Homes
thathavelittleornoequity,or
homesthatareunderwateraregreat
candidatesforarefinancing.
MORTGAGE.INFO
LENDER HOTLINE: 888-581-5008

6. T O L E A R N M O R E
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LENDER HOTLINE: 888-581-5008
C L IC K HE R E
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LENDER HOTLINE: 888-581-5008

7. Justin McHood is Americas Mortgage
Commentator and has been providing
Mortgage commentary for over 10 years.
Information provided by:
Justin McHood
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LENDER HOTLINE: 888-581-5008

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