Refinancing

Best refinance home mortgage loan rate


You can refinance your home mortgage every 5 years (or any other term) and change it to the best credit rate you can get on the market in that time. This will save you money and get better terms for your mortgage. You even could save thousands of dollars and get cash by refinancing your existing mortgage.

In simple terms, refinancing a mortgage means repaying an existing loan and replacing it with a new one.

Getting the best credit rate is easier when you refinance a home mortgage because now you are an existing customer and lenders are interested in your business. However, if you go to your bank and decide to stay, you will find it hard to negotiate deals with them. Using a mortgage professional will help you benefit from the competition between lenders and result in a better or the best refinance home mortgage loan rate you can get.

Refinancing you home with Rita Tkach will ensure you are getting what you should be getting: the best refinance home mortgage loan rate available to you and your family.

Taking advantage of lower rates when refinancing will help you:

  1. Buy a bigger home (if you are porting your mortgage)
  2. Take some money out
  3. Shorten the life of your mortgage
  4. Lower your monthly payments

The chart on the bottom will help demonstrate the benefit of refinancing a home mortgage with the best refinance home mortgage loan rate we will find for you, as well as using it to consolidate a debt such as: loans, credit lines, credit card debt, school loans, car loans and etc.

BEFORE
Home Value $250,000
Mortgage Balance $145,000
Interest Rate 6.95%
OLD PAYMENTS
Mortgage ($145,000) $1,012
Loans ($30,000) $850
Credit Cards ($40,000) $1,200
TOTAL PAYMENTS $3,062
--- ---
AFTER
Home Value $250,000
Mortgage Balance $225,000
Interest Rate* 5.15%
NEW "ONE" PAYMENT
Mortgage ($225,000) $1,327.89
Loans (nil) $0
Credit Cards (nil) $0
TOTAL PAYMENTS $1,327.89
MONTHLY SAVINGS $1,734.11
Example is based on RMA Mortgage PRIME RATE - 0.9%, 5yr term, 25 yr. am.

If you are interested to refinance because of a growing debt you would like to consolidate, you should contact Rita today and not waste any more time paying more that you should!

If you are interested in refinancing your home and getting money for renovations and home improvement, please click here.


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