Is it time to refinance? | Valor Lending Group
Are you wondering if it is time to refinance?
Are you are looking to fix your rate?
Do you have a maturity date coming due?
Do you want to update that outdated kitchen or bathroom?
CONTACT US to refinance today!
When should you consider refinancing? If you are looking to lower your interest rate, consolidate debts, get cash from your equity, it may be a good idea to refinance.
Benefits of Refinancing:
Lower your monthly mortgage payment:
You may have purchased or refinanced a year ago when your principal loan balance was. Now the equity you have could be much lower, and in turn, refinancing will lower your payment significantly! It doesn’t hurt to inquire about seeing what amount could be.
Lower your interest rate:
When you purchased your home or refinanced in recent years, the rates are always fluctuating and, as of today, could be much lower than they were. You may want to look into what the rates are today by contacting your local mortgage professional.
Eliminate Private Mortgage Insurance (PMI):
PMI is a significant payment added to your monthly mortgage obligation. If you have at least 20% equity in your property and are still making a payment that includes PMI, then a refinance ould be ideal. Not only will it eliminate the additional monthly expense, but your payment will set back to a 30-year amortization. Effectively lowering your monthly payment due.
Provide funds to put towards purchasing an investment property or second home:
As a property investor or owner looking to expand the horizons by purchasing an additional property, the asset you have in your home. You can use the equity you have earned from an increase in the value and by the principal payments you have made to tap that equity. You would not be losing that equity; essentially, you would be moving it from one property to another and diversifying your portfolio.
Lower your loan term to pay off your mortgage faster:
If you lock into a 30-year mortgage, it can seem like a lifetime to pay off the mortgage, but have you considered refinancing into a shorter-term mortgage? By doing so, you can pay off your most significant monthly obligation by getting into a 15 year fixed term and pay it off faster.
Turn your home equity into cash for home improvements:
Turn that kitchen or entertainment area into what you have always pictured since you bought your home. You can do it! Turn that equity into your chef’s kitchen or backyard into the oasis for your block parties.
Pay off or consolidate debt:
Stop paying those high rates on your loans and credit cards. You can refinance your property to get out of the 7% personal loan or 24% credit card interest rates into a mortgage rate below 5%!
Bottom line:
It can be beneficial to refinance if you can lower your monthly mortgage payment, lower your interest rate, eliminate private mortgage insurance (PMI), lower your loan term to pay off your mortgage faster, turn your home equity into cash for home improvements, payoff or consolidate your debt.
Give us a call and lets discuss how refinancing can benefit you TODAY!
Call or email me for immediate attention to your scenario!
Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.
Valor Lending Group also offers literally every loan in the book! Check out more information on our programs CLICK HERE and please do not hesitate to call on me for any scenarios. I look forward to an opportunity to demonstrate my prompt and professional service.
Recap of our Loan Products:
- Stated Income Loans (No Tax Returns, no W-2s, No P&L)
- Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
- Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
- Flipper Loans (Flip a property with one of our many options)
- Line of Credit
- 100% Financing
- Foreign Nationals Loans (no social security or residency required)
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- 2nd Position Loans up to $5mm
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to $2.5mm
- Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 5% down Jumbo (Up to $2mm Lender paid PMI)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
- High Balance Conforming aka Super Conforming (from $484,350-$726,525)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, VA, USDA
- ARM’s
- Reverse mortgages up to $10 Million Value
- Refinance including Cash Out
CONTACT ME TODAY for immediate attention to your scenario!
**Rates and terms subject to change without notice**
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