REFINANCING 101 Our goal is to establish a working realtionship with our customers. Our CAP (Client Appreciation Program) has been installed in our company to provide the highest qulaity of customer service. Our relationship will not end after your purchase or refinance. We want your business for as long as you reside in the State of Colorado. Things to consider before refinancing: 1. The Interest Rate You Are Paying Consider the interest rate you are now paying before refinancing. Compare it against the current interest rate to see how much you would save by mortgage refinancing. Use our free mortgage calculator to determine your new monthly payments. 2. The Current Interest Rate Check the current interest rate. To get the benefits of a lower rate, you may have to pay fees associated with the loan, unless your lender is doing a no fee loan. Before committing to a refinance, be sure you have discussed the fee options with your loan officer. 3. How Long You Will Live In Your Home The median length of stay in a home is 8.2 years. However, you may have a better idea of how long you will be in your home. If you do not plan on owning your home for much longer, the lower payments associated with the refinancing may not cover the mortgage refinancing fees. If you plan on staying in your home for a long period of time, refinancing could be an excellent way to reduce your monthly payments. Also, if you are planning on moving into a new home while retaining the old home as a rental property, refinancing is a solid plan. You can lower your monthly mortgage payment and in turn, increase your rental income. 4. Consolidation If you have several outstanding bills, you may want to consider refinancing your home and in turn, consolidating and paying off your other debts. If you have equity in your home, you may be able to access that equity through a "cash out" refinance. You could choose to apply that equity to a debt consolidation plan, a new car, or home improvements.   For more information call 303.733.3922 Use our simple mortgage calculator to quickly determine your payments, or fill out a quick mini app for even faster responses... We look forward to helping you!