Refinancing Your House Mortgage – How to Refinance an Interest-Only Loan
Interest-only loans are prime candidates for refinancing. With online
lenders you can quickly trade in your balloon payment and extended loan
periods for better rates and payments. While you are looking to convert
your loan, make sure you are getting the best long term financing for
your budget.
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
Planning For The Long Term Mortgage
Refinancing an interest-only loan allows you to reevaluate both your
short and long term financial goals. If you are just worried about
keeping your monthly payment to a minimum, opt for an adjustable rate, 30
year loan. Adjustable rates, along with the long loan period, qualifies
you for low initial payments.
To save the most on interest payments, cut your loan period back to
just 15 years. This will also make you eligible for lower rates. For those
seeking protection from unplanned rate and payment hikes, lock in a
fixed rate mortgage. You can further reduce these rates by paying
additional closing fees.
Lenders Make A Difference
Picking the right lender is the difference of thousands of dollars in
your checking account. Happily, you can spot better refinance loans
before you sign a contract. Online financial companies provide instant loan
quotes to help you make better loan decisions.
When you request a loan quote, make sure that you request the same loan
terms from different lenders. Also be sure to include several different
companies in your search. it's a good idea to work with recommended
lenders, and don't be afraid of checking out smaller regional companies.
Often these smaller companies can offer especially low rates.
Don't Put Off Your Refinance Plan
To save the most amount of money on your mortgage, don't put off
refinancing your current home loan. It only takes a few hours to find a good
lender, and then just minutes to start the loan application process. In
as little as two weeks you can get rid of your current high payment
loan for a more manageable, money saving mortgage.
When you consider the thousands of dollars you can save by finding a
lower mortgage rate, spending a few hours comparing loan quotes doesn't
seem so bad.
Our Recommended Home Refinance Lenders:
Top Recommended Companies To Refinance With:
(updated ):
Act Now! Lower your monthly mortgage payment!
- Competitive rates and no hidden fees
- Bad Credit OK
- New Purchases, Home Equity & Refinance
- One dedicated mortgage banker from first call to closing
- Quick Application with worthwhile results
If you are looking for a mortgage loan but have "less than perfect credit" this company has options for people with credit problems. Complete a short form and get one dedicated mortgage banker from first call to closing with a simple, straightforward process.
Mortgage rates are still low. Refinance & Lower Your Payment!
- Get Started on a Lower Payment Now!
- America's #1 Online Lender
- Save More and Spend Less!
- No Obligation and Free Expert Advice Another Great "bad-credit" Mortgage Company! QuickenLoans is also a competitive mortgage company for people with all types of credit including poor credit. Refinance or get new mortgage offers from this reputable Web based mortgage lender.
If you have some net worth or more particularly owe less on your current home mortgage than your home is worth than you could take advantage of a refinance on your mortgage loan and the low, low rates currently available. Refinancing your home is not free so it is important to shop around for a reputable lender to help get you the best interest ratepossible given your credit score.
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