:: Refinancing
FAQs
If I refinance my mortgage will I have
to pay closing costs?
At GreatHouse Mortgage there are no out-of-pocket expenses
involved with our refinance loans. Appraisal, title and credit
reporting fees included, and the best part is you can skip your
next mortgage payment for up to 45 days.
Should I wait and see if rates will go
lower before I refinance?
Absolutely not! We are currently in a period of the lowest
interest rates in most peoples lifetime. DO NOT hesitate to call
and lock your rate TODAY.
Can I get a lower rate at my bank?
Not a chance, GreatHouse Mortgage has access to the lowest
mortgage rates anywhere in Tennessee. Banks don't specialize
mortgage lending, GreatHouse does.
I keep hearing 80% loan-to-value is a
number i have to stay under to refinance, what is this?
Loan-to-value is the loan amount borrowed verses the value of
your house. Most lenders require you to have mortgage insurance
at any value above 80%. GreatHouse Mortgage has some wonderful
programs in which you can borrow up to 100% of your home's value
in one loan with NO mortgage insurance.
Why should I refinance?
Saving money, consolidating bills and lowering monthly
payments generates wealth and simplifies life. Call GreatHouse
today and we will make it happen for you. |
