Low Cost Refinance Options

At one time or another, most home owners will look into refinancing their existing mortgage. Either they have an ARM mortgage, Interest Only, or a High interest rates.

There are many things to consider when doing this. Interest rate obviously a major concern, but closing costs should also be considered.

Because closing costs ( ie: Attorney fees, Appraisal fees, etc.) might be hard to finance because of your equity situation, many consumers are looking for a low cost , also know as low refinancing options. These have been developed to accommodate a growing demand for more economical loans. No cost refinance loans are basically loans in which minimum closing costs are paid by the borrower. The usual costs associated with a mortgage such as a title search fee, an appraisal, application fee or closing fee are paid by the lender. This is good for those who do not have the money to pay these costs up front. however depending on the amount of costs, the interest rate might be higher. In most cases we recommend that the borrower get the lowest rate with us and pay all closing and escrow fees out of pocket. That is why we guarantee all costs for refinancing your mortgage. We provide you with a Good Faith Estimate showing all fees that are associated with your loan.

Depending on the amount that you are trying to refinance (lower loan amounts are harder to eliminate costs then say , loans over $200,000) We do not charge any of our customers any Origination fees or other fees that do not contribute to the actual costs to refinance your home. Some clients who end to stay in their home for 10 years prefer to"BUY DOWN THEIR RATE" to get the lowest rates possible. Our calulators will show you exactly how much money you will save.

Call us and we will review your certain situation and suggest the best mortgage program for your situation. We will tell you how much saving you will have by refinancing into a new mortgage.

 There are a few great loan products we offer for refinancing:

• Conventional Refinance ( No Mortgage Insurance <80% LTV )
• FHA Streamline Mortgages ) higher LTV and Lower credit scores
• No Equity Refinancing (FNMA Held mortgage using benefit on the monthly payment over equity)
• VA Refinancing - 
• Jumbo Loans, Adjustables and Fixed Rate loans

Friday, October 16, 2009 - Todays Rates for Refinancing

To get an online : No Social Security Required, personalized Rate Quote - Click here , it takes less than 20 seconds. or Call us at 800.772.1193 / 404.814.4634 and press #1 , we are here until 7:00 est M-F and Saturday 10.00 till 3:00.

•  Find if it is a good time to lock in your rate or wait - Click here