With a New Year right around the holidays, it is surprising that more people do not look to refinance their existing mortgage loans. Why is this a good idea? Here are a few examples:

1) Refinancing opens up extra cash flow

Beginning to search for a refinance loan in January can really help with the onslaught of holiday bills that most people rack up. Skipping 1-2 months mortgage payments and an escrow refund combined with everyone's (almost) favorite time of year, tax refund time, can help eliminate new and existing debts that have been nagging for awhile.

2) Fresh start!

Alot of people refinancing ( at least most of my customers) have been opting to refinance, save money monthly, AND SHORTEN their current loan terms! How great would that be to save money monthly, pocket some funds, and shorten your mortgage terms??? Almost a NO-BRAINER!

3) The time is now!

Of course this would be most people's #1 reason, but RATES ARE STILL CLOSE TO ALL TIME LOWS! Better grab it while you can!

The biggest issue is to find a lender that actually CAN deliver. Most banks will quote these incredible numbers, but will not be able to help because of credit score, appraised value, etc. Look and and weigh the options, it never hurts to check with a few people and see if you can get a better deal. Keep in mind those who read this: I have LENIENT guidelines and close many loans and HELP alot of people that bigger banks cannot! I am a phone call/email away!

HAPPY HOLIDAYS!