Mortgage Refinance - Home Equity Loans - Refinance Loans

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Services for Real Estate Pros with 123refinanced.net

 

 

Deciding to refinance your mortgage loan depends on different reasons for different people. It really is going to depend on your situation and knowing the reasons why you want to refinance. Let’s look at 3 common reasons people their current home loan refinance.

1. If you are paying too much every month for your mortgage it may be time to refinance. A drop in interest rates could mean big savings for you. If you have made your payments on time and have a good overall credit score refinancing at a lower mortgage rate could lower your monthly payment and help you have more money at the end of the month,

2. If you have built up some equity in your home and you need to access some cash refinancing your mortgage could be just the place to get it. If property values have increased since you took out your mortgage loan you are sitting on a pile of money that could come in handy.

Banks do not really care about what you want the money for. Common reasons to pull out some cash on the equity of your home could include paying for your daughter’s wedding, doing a home improvement, taking a vacation, or paying for college tuition.

All the bank wants to see is that you have a way to repay the loan and they are secured by the equity in your home when they do the loan.

Apply Online Mortgage Refinance !!

3. If you have an adjustable rate mortgage that has crept up and is getting ready to roll into a high fixed rate this may be another reason to refinance. People take out an ARM to get a lower rate and to be able to qualify for a little bit more expensive home.

After a number of years the ARM will be ready to settle into a fixed rate loan. Depending on the fixed rate you may be able to do better by refinancing. Your mortgage loan professional can help you decide the best route for you to go if this is the case for you.

4. One other reason that people look at refinancing is to shorten the length of the loan. That is commonly done when you want to go from a 30-year loan to a 15-year loan.

If your income has gone up and you determine you want to stay in the home you have for many years to come then this makes sense. Paying off your loan early gives you the peace of mind of knowing you own your home.

These are 4 good reasons that you may want to refinance mortgage loan. The important thing is to know “why” you want to do it and make sure it is best for your situation.

Learn How to Refinance Mortgage even if you are having Bad Credit.

 

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Rainer
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Patrick DeSouza
123refinanced.net - Los Angeles, CA

Good job dude! I got really a valuable information through this site!!!

Oct 09, 2008 09:19 PM #1
Rainmaker
783,253
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Oct 10, 2008 12:57 AM #2
Rainer
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Lori Isaacson
Credit Restoration Consultants - Plantation, FL

Hi Patrick,

On behalf of Credit Restoration Consultants and the over 113,800 members of AR I want to welcome you to the AR family. If you have any questions regarding credit repair, credit scores or any credit related issues including identity theft please feel free to call or e-mail me. Have a Happy Friday and keep on blogging.

Regards,

Lori Isaacson

Oct 10, 2008 01:58 AM #3
Rainer
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Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Welcome to Active Rain! Good to have you in the community!!

DM

Oct 10, 2008 03:16 AM #4
Rainer
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Larry Isaacson
Bayside 81989 LP - Weston, FL

Patrick:

Welcome to Active Rain. This is a great forum to exchange ideas in these economic times. I believe everyone should look at all income steams as we enter a new paradigm. I have multiple income streams that I would not have thought I would look at or could do!

Larry

Oct 10, 2008 03:23 AM #5
Rainer
260,556
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

Patrick - Welcome to Active Rain and congrats on your first post.  Be sure to spend some time looking around at what and how others are blogging here - it is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Oct 10, 2008 03:57 AM #6
Rainer
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Leeshay Wright
Keller Williams Realty - Mauldin, SC

Welcome to the rain you will find lots of helpful information.  Enjoy!

Oct 10, 2008 04:59 PM #7
Rainer
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Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Good morning & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas.  Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog!  Keep it up. Again Welcome!!

Oct 11, 2008 12:02 AM #8
Rainer
36,877
Ginger Ryals
Prudential C Dan Joyner and Young Realtors - Spartanburg, SC

Welcome to Active Rain!! This is a great site to network and share ideas!! Have fun with it!!

Oct 11, 2008 05:41 AM #9
Rainer
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SEAN THANH NGUYEN
Keller Williams Realty East Valley - Chandler, AZ
Branch Manager

Hello Patrick,

Welcome to Active Rain ! Don't forget to check out "How To Use My Settings Page" under "Getting Started" section. It helps to get your blog(s) ranked higher in Google & Yahoo! We offer one-stop-shop Arizona real estate services and up to 35% Realtor referral fee!

Sean Nguyen

Oct 11, 2008 11:40 AM #10
Rainmaker
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Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Oct 12, 2008 12:51 AM #11
Rainer
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Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

Welcome to the Active Rain community. This is a great site with lots of information.  Have fun with it and hope to see more of your blogs soon!  We have a team of four outstanding full time agents to assist your buyers and sellers in Spartanburg/Greenville, SC.  Again, welcome to AR!!

Oct 12, 2008 01:08 AM #12
Rainer
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Jack Gerbehy
Egg Harbor Township, NJ

I'm just coming back to ActiveRain and I'm considering putting some extra time in to further my social network... I see that you haven't posted in awhile...... did you not get anything from it?it's only gotten better , you might want to think about coming back....

Nov 28, 2015 11:41 PM #14
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