Refinance A Mortgage
With interest rates reaching record lows, you may be wondering if refinancing your mortgage is right for you. Below is a quick guide for home owners interested in lowering their mortgage payments and refinancing their home loans.
Can't wait to get started on refinancing your mortgage? Pre-qualify for a refinanced home loan now!
When Refinancing Is Right for You
While refinancing your mortgage may seem like a great opportunity for you to lower your monthly mortgage payments and reduce your debt, make sure to use a mortgage calculator and calculate if refinancing your mortgage will actually save you in the long run.
Refinancing your mortgage should be done to reduce your interest rate, shorten your term, or consolidate any revolving debt.
Refinancing your mortgage may be right for you if:
- Your goal is to get a lower interest rate and lower your monthly payment
- You Want to shorten the length of years on your mortgage.
- You need to get out of an adjustable-rate (ARM) or interest-only mortgage
- Want to create additional cash flow each month with your savings.
Refinancing your mortgage may NOT be right for you if:
- You plan on moving within a year.
- You haven’t made timely payments on your mortgage within the last 12 months.
- You are upside-down on your mortgage and owe more than your property is worth. It may be difficult to be approved for a refinanced mortgage.
How To Refinance your Mortgage
When refinancing your mortgage, you can choose to take cash out, or refinance the remaining amount on the loan. It's a good idea to call us at 616-298-2743 or email us at Mutual of Omaha Mortgage in Belmont, Michigan so we can give you a FREE Refinance Analysis to make sure it’s the right move for you.
Before you start the refinancing process, review your current situation to determine if you would quality for a refinanced home loan. Consider your income, employment history, credit score and other loan qualifiers, as these will apply on refinancing loans as they do for first time home buyers.
As you begin the refinance process, make sure to collect important documents that will be needed for home loan refinancing such as information about your current home loan, income statements, tax and property information, and homeowners insurance rates.
With most home loans, any costs incurred for your refinance can simply be rolled into the new loan. We will keep any refinancing costs to a minimum and will go over them in person so there are not any surprises at closing.
Mortgage Calculators for Refinancing
Want to learn about mortgage rates for refinancing, or determine if refinancing your mortgage is right for you? Contact us today!
You have truly been a pleasure to work with! Everything from the start of the loan to the finishing touches was done with quick and easy access. All emails and phone calls took less than 24hrs to return. I will continue to refer anyone and everyone I know looking to buy your way! It's extremely convent when loans go smoothly and closing happens on time! Thank you for your hard work and your dedication towards our loan. It's all very much appreciated from us! Thank you!!
Adrian and his team are the best! He doesn't stop when there is a road block. He gets creative and works hard to find a way to make it happen. His deals close on time and the process is so smooth and painless. He is knowledgeable, thorough, and supportive. I would recommend him to anyone looking to buy or refinance their home. He will take great care of you.
Looking for a home loan? This is the company to use. They were great. Not only helped us get our home, they kept us updated at all stages. When you are buying a house and excited too close, to start your new chapter, it's hard for a company too match your excitement at a process that takes a month, but these guys do. They answered any questions we had quickly, and worked very hard too make sure our process was as easy for us as it could be. Definitely recommend them, and if I need financing in the future, they will be my first call.
Adrian and his team worked magic for me on a previous refi so when I decided to buy a new home I came right back to them. Honestly, they might actually be wizards. They are efficient, knowledgeable, and quick. Not only did they help me every step of the way but I closed less than 4 weeks after my initial application with no hiccups! Both my refinance and my loan qualification were more complex than average due to self employment and resource employment. They knew just how to make it happen! 5 stars! ⭐⭐⭐⭐⭐ I will use their services again for my next home, hands down.
Adrian is the best! He is honest - he is about providing what is best for his clients. He recently advised us to not refinance because it would not be in our best interests even though it would have put money in his pocket. He is responsive - questions we have asked have always been answered very quickly!
Adrian was amazing to work and I would recommend him to anyone! We started our loan process in February and hit some bumps with COVID-19 and an issue with our original title company. He worked quickly through EVERY issue, communicated quickly and clearly , and made homeownership happen for us. We are beyond thrilled with his service.
I used Adrian's service for a refi before and now for a mortgage. Both times I had complex situations due to self employment that his office handled with ease! I just closed 3.5 weeks after submitting my application without a single hiccup along the way. Truly exceptional work and communication.
Adrian is exceptional - he is a hard worker, reliable, very intelligent, and has a great personality. He always reponded quickly and talked through/explained how/why things were done and my options. He worked hard to get me a low interest rate and a great loan. Working with Adrian is a smart choice -- but definitely ask him if it's possible to NOT work with Rachel once it gets into the paperwork/closing on a home process. His team doesn't even compare to him - especially Rachel. If she works on the loan with you, expect to never be contacted. I had to always call her first to inquire about my loan progress and push her to do her job (little harsh, but true! I wanna warn you). Once I left a message and she never called back. I wouldn't have ever known my loan was going to be delayed by the underwriter unless I had called her until she picked up so we could talk. I had to coordinate with my bank being out of town (2.5hrs away) and she didn't seem to care to keep me updated on when closing was. It's a huge bummer to have Adrian be such a great worker, and his team be so lazy. Hopefully you can work with Adrian and avoid Rachel!
Adrian was excellent to work with! We started our loan in February and hit some bumps with COVID-19 and our original title company. Adrian worked quickly through each issue, found us a new title company in time to make homeownership happen for us. The whole time, he communicated with us clearly and frequently. We are beyond thrilled with his service and I would recommend him to absolutely anyone.
Adrian worked HARD on our loan, and we closed on time in the middle of the COVID-19 shutdowns. He and his team jumped through multiple hoops for us. Amazing work!
Adrian and his team are top notch. They get the ball rolling and stay on top of everything until they get the job done. Very thorough and efficient. They are smart and innovative. Terrific at finding the right solution to improve your situation. Great use of technology and just good people. Will recommend!
We have worked with Adrian and his team to purchase two homes and have never been dissatisfied. The team is fast and effective. They really do make the home buying process a piece of cake!
Adrian & his team walked with us every step of the way!! They kept us very informed, which was very important to us! We had some hiccups (no fault of theres)...but they hung with us ...and we closed this past Friday! 🎉. Highest recommendation!
Adrian did a fantastic job helping us through the loan process, up until we met him..the VA process was a joke..we were very discouraged..he came to the rescue and was able to sort thru everyone elses messes and deliver us to closing..Thanks Adrian!!
Adrian has been wonderful to work with since day one! He helped us when we purchased our first home and again when we refinanced our mortgage. I have sent him countless emails on nights and weekends, fully expecting a response the next business day. He always gets back to me within an hour. I have even emailed him months after closing with questions and he is always willing to help in whatever way possible.
Adrian and his staff went beyond my expectations. Every step of the process was handled with professionalism and on a personally level as it pertained to my refinancing of my home. They took all my concerns and questions and answered them all in a timely manner. There were a few set backs, however, I was very comfortable with how they were all handled. I was always kept in the loop as what step of the process the loan was going through and what to expect next. I had several question throughout the whole process and never once did I feel like I was bothering Adrian and or his staff, he always said call anytime you have a question. I was very satisfied with the end result. Adrian and his staff rock and it was a blessing working with them.