Get The Best Rate And Loan Type
If you have a Reverse Mortgage, Conventional, FHA, VA, or Jumbo loan, it may be a good idea to refinance.
No matter the type of loan you currently have, I can let you know if it is cost effective to refinance to a new loan.
In the case of a reverse mortgage, you may want to refinance to have access to additional funds or lower your rate of interest. With some basic information, I can run numbers to let you know your options. With reverse mortgages, there is a benefit test which your loan must pass to ensure that you are obtaining a minimum benefit by refinancing. After we discuss your needs, I can let you know if a reverse refinance is a good idea for you, even if it does pass the benefit test.
With the other options, FHA is typically the most refinanced. This is to remove the mortgage insurance once your equity has reached over 20%. Depending on rates, it may still be a better idea to wait to refinance. I will give you your options, answer any questions you have, give you my advice, and then let you decide if moving forward is what you want to do.
My philosophy is usually to refinance if you can save an amount of money each month that will really make a difference to you. Also, I suggest that the cost to refi, origination, title, escrow etc. should be paid back within 18-24 months. I also ensure that you plan on staying in the home for a period of time past the 24 months to make it a financially sound decision.
Sr. Loan Officer
Phone # (818) 232-1171
Email : firstname.lastname@example.org
NMLS #1521694 CABRE #02040832
Secured Capital Funding
17662 Irvine Blvd. Suite 6
Tustin, Ca 92780
NMLS #1649122 CABRE #01220151
STRONGLY RECOMMENDED David is knowledgeable, responsive and fast. He answered our many questions, stayed in constant contact with us throughout the whole process. We are highly satisfied with our experience and very pleased with the outcome and level of customer service that he provided. We strongly recommend David for any of your loan needs.
Fantastic, thoughtful and helpful David was a great support through our process, it was always a pleasure to speak to him and he went above and beyond to give us the support and insight we really needed I can say without hesitation that anyone who is looking to finance their home would be lucky to have him in their corner.
My experience with working with David was amazing! He took the hardest situation and made it possible. He tells it like it is and breaks everything down for you. Always looking out for our best interest. He goes above and beyond his duties. He genuinely cares about his clients. We will always be grateful to David.