A More Illuminating Way to a Positive Refinancing Deal
3.5%APR
Conventional 5/1 ARM Disclosures
Conventional 5/1 ARM Disclosures
Cash-out refinancing can help you access your home’s equity. You can withdraw funds from your equity and use it according to your wishes. You can also use the cash to make improvements on your home. Looking at the grander scheme of things, this will help you add value to your home. You can even use the cash to pay off your debts and improve your credit history.
Mortgage rates are at an all-time low. You can take full advantage of this by getting refinancing and reducing your monthly payments. Why pay more when you can pay less? Calculate your monthly payments using one of our mortgage calculators to compare different rates.
If you have applied for an ARM loan, you can avoid paying for a yearly increase in mortgage payment by applying for a fixed rate. At Save Financial, our most popular product is the 30-year fixed loan that is designed to provide you a more stable rate. However, you can also choose from the array of different loan options we provide.
With a lower interest rate, it is easier to pay off your mortgage in less time. This means you can save a lot of money in terms of interest payments on your mortgage in the long run. This is quite beneficial for homeowners who have a 30-year mortgage.
If you have payments left on your high interest credit card, then you can consolidate your payment through your mortgage and make a single bill to pay it off, that too at low interest. Debt consolidation through mortgage can save you a lot of money.
We also offer our clients’ government sponsored HARP loan options to potential homeowners who have minimized their equity due to refinancing taking into account the going rates. Rest assured the underwriting process is not stringent and most of the times there is absolutely no need for mortgage or new appraisals.
If you're planning to stay in your home for many years and prefer to have the peace of mind of a rate and monthly payment that never changes, one of our fixed rate and payment products could be perfect for you. With rates still at historic lows, the 30-year mortgage remains one of our most popular loans.
Our ARMs are great solutions to give you a particularly low interest rate for the short term. If you're planning on moving in a couple of years or just want the relief of a lower monthly payment, an ARM loan could be a great solution for you. As an example, a 5/1 ARM has a 30-year term with a FIXED rate and payment for the first 5 years. After that, the rate and payment may adjust once per year for the remainder of the term.
An FHA (Federal Housing Administration) loan is a great solution for people whose credit history may not qualify them for conventional 30-year loans. It's also a good refinancing solution for those with less than 20% equity in their home. We offer different FHA Loan options, such as the security of a fixed rate and payment or a 5/1 adjustable rate mortgage.
Do you already have an FHA first mortgage on your home? You can take advantage of our Streamline FHA refinance that can bring you a lower rate and monthly payment, even if you owe more on your current mortgage than the home's current market value. With no appraisal required in most cases, lower credit requirements, and limited documentation needed, our Streamline FHA can be the easiest way for you to reduce your monthly mortgage payment.
The Federal Government's HARP program (Home Affordable Refinance Program) has been helping homeowners all across the country whose mortgage balance exceeds their home's value, enabling them to refinance into today's low interest rates. If you have little or no equity in your home, our HARP loan may help you to lower your monthly payment and/or shorten your loan term.
In many cases, no new appraisal is needed nor is mortgage insurance (if none is in place on your current mortgage), so the underwriting process is fast.
The guidelines are pretty simple: If your current loan was originated before June 1, 2009, is owned by Fannie Mae or Freddie Mac, and you've continued to make your monthly payments, you may qualify for a HARP loan. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage or www.knowyouroptions.com/loanlookup
You've been doing the right thing, honoring your monthly commitment. Our HARP Loans can do right by you, with a fast and easy refinancing solution.
We listen to your specific needs, assess which of several loan options may be best to help you, and with the use of leading technology, we personalize several mortgage options for you in real-time. Count on us to offer the very best rates and options for your needs.
Our technology allows us to pre-qualify you for a loan the same day we speak with you and provide you secure access to your mortgage documents for your online signature. This enables us to close loans in as quickly as 30 days. That's the Speed of Greenlight!
You deserve great personal service. You'll have a dedicated Mortgage Professional at your side every step of the way to make the process smooth for you and answer all your questions. We invite you to read what our customers say about their Greenlight Loans experience.
