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What is a rate & term
refinance? It is when you refinance your mortgage loan
in order to get better terms on a new mortgage than
the one you currently have financed. Normally there is
little or no cash back to the client when they do a
rate & term refinance, it is primarily used solely to
lower your monthly mortgage payments or to lock in a
fixed rate loan from an adjustable one.
Great Reasons Do A Rate & Term Refinance Loan
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LOWER YOUR MONTHLY PAYMENTS. (By
decreasing the interest rate from your current loan
you will save hundreds or even thousands of dollars
monthly and over the life of the loan)
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GET A 30 YEAR FIXED RATE LOAN (Many
of our clients were previously on adjustable rate
mortgages which can reset to dangerously high interest
rates after the initial teaser period. We convert many
adjustable rates onto low fixed rate loans for
security and lower monthly payments)
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SHORTEN OR LENGTHEN THE LOAN TERMS
(Maybe you want to pay off your home in 15 years
instead of 30 years. Or maybe you want to lengthen
your loan from 30 years to 40 years to help lower your
monthly payments)
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FORECLOSURE BAILOUT (It's sad
but many people in our great nation face foreclosure
every day. Maybe you had some medical problems or a
lawsuit that put you into a bind and got you behind on
your mortgage payments. A rate & term refinance can
help you pay off your old bad loan and get you a fresh
start with a new one while potentially lowering your
payments in the process)
As you can see there are
many valid reasons for doing a rate & term refinance loan
even with bad credit. It's important that you deal
with mortgage professionals that are experts in bad
credit refinance loans however. You do not
want to get a high interest rate loan, and interest
only loan, or an adjustable rate loan without knowing
exactly how they can affect you.
We stress in most
cases the best option for our clients is a 30 year
fixed loan that carries the lowest interest rate
possible. If you have a credit score above 680
obviously you have the widest selection of loan
programs available to you. If however your score is
below a 600 you need to ensure that you have access to
programs such as our specialized bad credit cash out
loans that carry reasonable interest rates. We don't
believe that bad credit should stand in the way of our
clients attaining affordable rates!
Highlights of our Rate
& Term Refinance Loans
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30 year fixed rates that will never
adjust on you
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No prepayment penalties EVER.
refinance or sell whenever you choose with no worries.
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Very low mortgage insurance coverage
if the LTV is above 80%.
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One loan with no high rate 2nd
mortgage
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Up to 97.75% LTV for owner occupied
homes.
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Up to 90% LTV for no owner investment
refinance loans
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Low fixed rates between 5.75%-7.5%. NEVER
higher than 7.5%!
-
No need to pay off medical,
collections, charge-off's, or other bad debt if don't
chose to.
Now you can see why
we are the premier source for bad credit
refinance loans in the U.S. Our mortgage professionals
are prepared to put their years of experience and our
access to these bad credit cash out mortgage loans to work for
you!
Contact US today or
APPLY ONLINE for a same day response and let's
start working together to help your American dream
come true!
OUR PROGRAMS
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