refinancing: THREE GREAT REASONS TO CONSIDER A CASH-OUT REFINANCE - 06/19/17 04:08 PM
Three Great Reasons to Consider a Cash-out Refinance
Interest rates on home loans are near their best levels of the year, while home values in many parts of the country have increased.  In this environment, many homeowners are considering a “cash-out” refinance.  This is where you pay off your old mortgage by getting a new mortgage with a higher balance.  The difference between the old loan and the higher-balance new loan is called “cash-out.”  That’s because you’re walking away from the new closing with cash.  Here are three reasons why you may want to consider a cash-out refinance:
Pay off other debt that … (0 comments)

refinancing: TWO WAYS TO MEASURE THE BREAK-EVEN ON REFINANCING - 08/10/16 04:47 AM

Two Ways to Measure the Break-Even on Refinancing
According to recently released estimates, over 8 million American homeowners could benefit from refinancing at today’s low interest rates.  Here are three questions to ask yourself in order to figure out if refinancing makes sense for you: 
1 – Interest & Cost Benefit:  What would be my interest and cost savings if I refinance into a lower interest rate?
For example, assume you could save $50 in monthly interest expenses if you paid $2,500 in closing costs to refinance.  In this case, it would take you 50 months to break-even ($2,500 costs / $50 monthly … (0 comments)

 
John Lemos, Mortgage Loan Officer, NMLS 613321 (Movement Mortgage NMLS# 39179)

John Lemos

Mortgage Loan Officer, NMLS 613321

Fullerton, CA

More about me…

Movement Mortgage NMLS# 39179

Address: 20 Pacifica, Suite 400, Irvine, CA, 92618

Mobile: (951) 256-0812

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