Brickhouse Mortgage

WITH MORTGAGE RATES AT AN ALL TIME LOW, IS NOW THE TIME TO REFINANCE YOUR MORTGAGE? HERE ARE A COUPLE REASONS THAT IT MAY BE ATTRACTIVE TO YOU..... 1. SAVE MONEY BY DROPPING PMI/MIP When you refinance, your home will be reappraised. If the appraisal shows that the new conventional mortgage is less than 80% of your home’s value, then you won’t need to carry PMI (private mortgage insurance) any longer.... 2. SAVE MONEY ON INTEREST PAYMENTS With lower interest rates you can save a lot of money. 3. SHORTEN THE TERM OF YOUR MORTGAGE 4. REFINANCE YOUR MORTGAGE TO CONSOLIDATE DEBT 5. USE THE EQUITY TO PAYOFF YOUR HIGHER INTEREST RATE DEBTS. Pay off high interest credit cards, car loans, ect. to lower your total monthly expenses 6. CHILDREN EDUCATION A lot of people use their equity to pay for the children's college. If you have children that are going to be going to college soon. Now could be the perfect time to prepare for that. Pull the money out now while rates are low as oppose to waiting, they may be much higher then. 7. REFINANCE TO BUY OUT EX-SPOUSE If you own your home jointly with someone and have since called it quits on the relationship (divorce, going your separate ways), then you may want to refinance to remove the ex’s name from the mortgage. SHOULD YOU REFINANCE?

This is a pretty good read. I receive a lot questions about credit and this article covers the basics people should know, especially if considering a big purchase.

Open house will be on September 29th

If your looking to purchase, refinance, downsize, pull cash out, or need a larger home, I have the flexibility to shop banks to get you the best deal I can find or can put you in touch with a realtor to assist you on that side. Give me a call today. #707-249-9663