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phone: 909.396.6200 fax: 909.396.6204
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Heritage MTG, Inc.
Refinance
If you´re thinking of refinancing your property to take advantage of low interest rates, here are some key thoughts to consider:
Will I benefit from refinancing my home loan? The old rule used to be that it paid to refinance when the new interest rate will be at least 2% lower. In today's market it may be profitable to refinance if you can reduce your home loan´s interest rate by Only 1%. In addition, sometimes your refinance will include paying off debt. This in turn may save hundreds of dollars per month.
Is a fixed or adjustable rate best? If you expect to sell your home in a few years, an adjustable rate mortgage that is "locked in" for the first three, five or even seven years can be a bargain.
Which mortgage term is best for me, a 15-year or 30-year mortgage? You´ll save thousands of dollars in interest and pay off your mortgage much sooner with a 15-year mortgage, but the monthly payment is about 20% higher than with a 30 year mortgage.
We can help you evaluate the differences in rates and terms among the many loan programs. With proper information you will be able to select the loan which is best suited for your needs. Now is a wonderful time to take advantage of today´s low interest rates by refinancing your home or property.
Heritage MTG, Inc.
22362 Golden Springs Drive, Suite 100, Diamond Bar, California 91765
Phone: (909) 396-6200 Fax: (909) 396-6204 Toll free: (800) 401-LOAN (5626)
CA Dept. of Real Estate #01233890 Email: info@heritagemtginc.com
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