Special article brought to you by Econ Mortgage
Many people don’t realize how simple it can be to refinance your home. The biggest concern that we hear from clients when considering a refinance is the cost. Some costs you can expect with a refinance are closing costs, cost or credit for the rate that you choose and possibly appraisal fees.
“Will I have to come up with closing costs again?” “How much will those be?” With Econ Mortgage we can set up the refinance to wrap in your closing costs so that you don’t have to bring any money to closing! If you prefer to pay them out of pocket, we can set it up that way too. In most cases when refinancing, you will get to skip one or two mortgage payments and also receive a refund of the balance on your current escrow account. Our clients on average save $2,000-$4,000 dollars during the refinance process — not to mention lowering their monthly payment for the life of the loan!
With the Econ Mortgage business model, we work with the best mortgage servicers to help you save the most money by passing on those savings to YOU! We do this by presenting each of our clients with three options on our refinancing quotes: a low-rate option, a balanced option (balanced rate vs cost) and a low closing cost option. You can choose which option is best for your situation depending on a variety of factors.
Are you currently unsure which option is best for your situation? Are you feeling a bit overwhelmed with mortgage jargon? Let our knowledgeable and experienced loan officers offer detailed insight, help break down all the numbers and terms so you can make the most informed decision for your FUTURE!
Contact us today for a free evaluation of your current mortgage and we will show you just how easy we make refinancing!