Ever think of refinancing your home?
PERL refinances thousands of loans every year. We can help you assess your situation and determine if refinancing is a smart move to save you money.
Here are a few questions we’ll ask to evaluate your financing needs:
What’s your current interest rate?
Since 1998, mortgage interest rates have dropped significantly. Refinancing
your home loan to a lower interest rate leads to a potential savings of
hundreds of dollars a year.
Is your current loan set to adjust?
Don’t let your current lender determine your new rate! PERL delivers
strong market competition to secure the lowest rate for a program that
fits your short- and long-term needs. Many times, your loan servicer
(i.e. the lender sending your monthly mortgage bills) will send notifications
with opportunities to refinance. Remember: these institutions only offer
their own in-house rates and programs. PERL offers programs from
nearly a hundred lenders.
Did you buy a new construction condominium or townhome?
If so, you may have experienced an increase in your property’s appraised
value. If this is the case, you might reduce or eliminate your
second loan or private mortgage insurance premium!
Need to make home improvements? Pay off that credit card?
With refinance loans, you can obtain cash through your equity and/or an
increase in your appraised value for home improvements, travel plans, college
payments, or even debt consolidation.
Thinking about moving?
If you plan on moving or relocating in a few years, consider a one-year
adjustable rate mortgage (ARM). Shorter term ARM’s bring lower monthly
payments – giving you extra cash for your move.
There are many other reasons to refinance – if you’re curious, call your PERL Loan Officer today!