Tuesday, September 12, 2017

How to Refinance Your Mortgage in California, Texas

Smart Reasons To Refinance A Mortgage

Most borrowers already know what their expenses are and what monthly savings would help them manage their finances well. Borrowers typically ask what best rate are can you offer me and what cost are involved. That is because being outside the system a borrower typically has only these two questions to gauge who is better helping them and who is not. It is true to some extent but its way beyond that.

Ways to Refinance Your Mortgage in California, Texas


What they do not know is what all mortgage products are available that can help them achieve the savings they are looking for.


Your mortgage refinance strategy


As an example, Lets say i have a mortgage borrower whose son is going to college and he wants to take some cash out to help his son through with college instead of going for student loan.

So if tell the borrower that i can give you $ 50k cash for your child and your new loan would be lets say 300k at 6% with a closing of lets say $ 4000 and your payment is likely to be so and so......

That is a job half done. 

As your financial advisor. Relevant questions are. How many kids do you have and how old are they. Is your wife working or a house wife. If you need 50k cash and your current payment is #@$## with new 50k added how much would you be comfortable paying each month. With the job position you have do you see yourself staying in the house for next 30 years or you may move out. When was the last time you refinanced your mortgage. Etc etc.

So while from borrowers perspective its just the rate and cost and payment. Truly from a financial advisors perspective it is way beyond that and once we have an understanding we then design a Financial road map for the borrower.




For more information visit www.affordable-payment.com or Call 323-705-3191 if you are a California Mortgage Borrower or If Texas Mortgage Borrower Call 713-463-5181 EXT 154

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