EVERYBODY’s TALKING ABOUT Mortgage Refinancing!
ARE YOU “IN THE KNOW”?
Mortgage refinancing rates have become the hot topic for social and break room chatter. It’s a contest of one-ups-manship. Who got the lowest rate? Who got the fewest points? Who saved the most on their payment? Whose broker had all the ‘inside’ knowledge?
Are you winning? Are you even a participant?
With our help, you can “one up” everyone with your INSIDER KNOWLEDGE and SMART TIPS about Mortgage Refinancing.
But before you jump into this very complex contest, where the stakes are sky high, you need a coach. Someone who’s on your side. Someone who has your best interests at heart. Someone who not only has all the ‘inside’ knowledge, but someone who created much of the inside knowledge! After all, this is one of the biggest financial decisions you’ll make. It’s critical to get it right.
By now you are probably asking yourself who we are and whether or not we can be trusted. You are smart to ask. the Mortgage Refinance Trust has been refinancing residential mortgage loans for 35 years. We are honored to hold a H.U.D (Housing and Urban Development) license, given only to those that have been determined to be both financially stable and have internal safeguards in place, to ensure your security.
We are a solid, substantial, ethical, and well established business. While we do have a large internet presence for your convenience, we are not just an internet company. This is an important distinction, and so I’ll say it again. We are not merely a website. We are a traditional, solid business, located in Cincinnati, Ohio, in our own 12,000 sq.ft. building.
Our Loan Officers are highly trained and they are up to speed on the most up to the minute refinancing rates, products for both employed and self-employed individuals, compliance rules, and all other important information to make sure your mortgage refinancing not only goes smoothly, but meets your specific goals. We will be your coach, your inside source, and your trusted advisor.
INFORMATION YOU NEED TO KNOW
As promised, here are a few things to look out for on the road to a successful mortgage refinancing:
- Do not fill out forms on the internet with companies who promise you multiple offers. Think about all your personal information being disseminated around the internet and looked at by possibly hundreds of people. Think about how many times your credit report will be accessed. You don’t need multiple offers. You need one offer that meets your goals for your mortgage refinance. One offer tailored just for you and no one else.
- Decide on your goals for this mortgage refinancing – is it to reduce your payment by obtaining a lower interest rate? is it to get extra cash for college tuition, medical bills, or some home improvement projects? Is it to get extra cash for debt consolidation (paying off credit card debt)? You need to be clear about your reasons and your goals. Talk to one of our knowledgeable loan officers – they can provide a wealth of knowledge. Once we know where the goal post is, we will design a game plan just for you that gets you safely up and over the goal.
- Consider how long you plan to stay in the home you are refinancing. It generally takes 2 - 4 years to make refinancing worthwhile. In other words, if you plan to move in a year or two, you might want to reconsider a mortgage refinance at this time. You probably will not have time to recover the costs associated with the mortgage refinance.
- Do not make any major purchases, financial transactions, or career changes if you are even considering mortgage refinancing. These affect your credit report, may be harmful to your score, and create hurdles for your overall mortgage refinance program.
- Be sure to ask about any fees or charges that you will encounter in the refinancing process. Better to know than to be surprised. Asking also gives you an opportunity to negotiate them away!
Remember: BY FEDERAL LAW, all lenders must provide a “Good Faith Estimate” within 3 days of taking your application. This estimate details any and all costs associated with your loan. DON’T EVEN CONSIDER doing business with a company that doesn’t provide a “Good Faith Estimate” in the required time frame.
REASONS TO CONSIDER MORTGAGE REFINANCING
Mortgage refinancing might be something for you to think about if …
- Current interest rates are lower than yours
- You will be staying in your home for 3 or more years
- You have an ARM* and would like a fixed rate to help budget
- You have an ARM* and would like to convert to a better rate
- You have had a significant life changing event
- You need to utilize the equity you’ve built up for a major expense (kids education, for instance)
- You want to build equity more quickly by converting to a loan with a shorter term
- *Adjustable Rate Mortgage
Our mission is to provide you, our borrowers, with a mortgage solution that meets your needs and accomplishes your goals. Period.
So, now you know us. And you know what to look out for.
We look forward to working with you toward meeting your financial goals, and to providing you with outstanding, trustworthy, and accurate information and services.
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Once you have completed this expression of interest or application your information will be sent to Mortgage Refinance Trust. A representative from Mortgage Refinance Trust may contact you by telephone or email. By submitting your expression of interest you are consenting to receive telephone calls or email from Mortgage Refinance Trust
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