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(updated 03/04/09)

Is Refinancing Right for You?

If you are curious as to whether you should consider refinancing, email or call me with the following information and I’ll do a quick calculation for you:

1. Copy of your current mortgage statement(s) showing address, rate, and principle balance. If you have a 1st and 2nd mortgage, was the 2nd mortgage used to purchase the home?
2. What year you purchased, purchase price, and if you’ve made any improvements/updates to your home.
3. If you have an idea of what your credit score is, let me know, as all loans are now credit score driven.

The best email address is: mortgageplace@live.com. Best phone is: 208-514-3170.

In some instances, if you have a first and second mortgage, we will look at an FHA loan where we can go with a bit higher loan-to-value and then hopefully be able to pay down (or off) your existing second mortgage. With property values all over the map, this is an excellent option.

If refinancing is the right financial decision, then I strongly suggest we put together your file and get you approved. Most lenders/banks are 20+ days in underwriting. This means if we see a great rate with a 30-day lock, it is imperative to already be in line in order to grab the best rate possible.