Home Refinancing Loans
Discover the Benefits of Refinancing Your Home
At Contemporary Mortgage Services, we understand that your financial situation and goals can change over time. That’s why we offer comprehensive home refinancing loan options to help you make the most of your mortgage. Refinancing your home can provide you with several advantages, including lower monthly payments, reduced interest rates, and access to your home’s equity.
Why Consider Refinancing?
Refinancing your home loan can offer numerous benefits:
- Lower Interest Rates: Take advantage of current market conditions and secure a lower interest rate to reduce your monthly payments and save money over the life of your loan.
- Shorter Loan Term: Refinance to a shorter loan term to pay off your mortgage faster and save on interest.
- Lower Monthly Payments: By extending your loan term or securing a lower interest rate, you can reduce your monthly mortgage payments, freeing up cash for other needs.
- Access Home Equity: Tap into your home’s equity to finance major expenses such as home improvements, education, or debt consolidation.
- Switch Loan Types: Change from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage for more predictable monthly payments, or vice versa, depending on your financial strategy.
Our Refinancing Options
We offer a variety of refinancing options to suit your needs:
- Rate-and-Term Refinance: Modify your loan’s interest rate and term without changing the loan amount. Ideal for securing a lower rate or shorter term.
- Cash-Out Refinance: Refinance for more than you currently owe and take the difference in cash. Perfect for funding large expenses or consolidating high-interest debt.
- Streamline Refinance: A simplified refinancing process for homeowners with FHA, VA, or USDA loans, offering reduced paperwork and faster approval.
The Refinancing Process
Refinancing your home with Contemporary Mortgage Services is a straightforward process designed to be as hassle-free as possible:
- Consultation: Speak with one of our experienced Loan Originators to discuss your financial goals and determine the best refinancing option for you.
- Prequalification: Get prequalified to understand your refinancing potential and the loan amount you may qualify for.
- Application: Complete the refinancing application with the help of our team, ensuring all necessary documentation is provided.
- Approval: We’ll process your application and, once approved, lock in your new loan terms.
- Closing: Sign the final documents and enjoy the benefits of your new mortgage.
Why Choose Contemporary Mortgage Services?
At Contemporary Mortgage Services, we are dedicated to providing personalized service and tailored refinancing solutions. Our extensive network of lenders and commitment to customer satisfaction ensure you receive the best possible terms for your refinancing needs.
Contact Us Today
Ready to explore your refinancing options? Contact Contemporary Mortgage Services today and let our experienced Loan Originators guide you through the process. Discover how refinancing can help you achieve your financial goals.
Call us at 407-834-3377 or fill out our online contact form to get started.
REFINANCE CALCULATORS:
Click on the link below to use our handy refinance calculator. This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.
http://www.contemporarymortgage.com/CalcRefiBreakeven.x
This calculator will help you to decide whether or not it would be advantageous for you to refinance either a single mortgage, or the consolidation of a first and second mortgage, into a single mortgage. Not only will this calculator calculate the monthly payment and net interest savings (if applicable), but it will also calculate how many months it will take to break even on the closing costs (if applicable).
http://www.contemporarymortgage.com/CalcConsolidate.x