Rate and Term Refinancing

Rate and Term Refinancing is a great way to lower your monthly payment without increasing your loan balance. Call us today and talk to one of our...

If you have a loan with a high rate, now is a great time to change interest rates and lower your payment. Refinance now and find out how low your rate can be! Get record low rates, award-winning customer service, and close your loan faster than most lenders – Only at CYE!

We are one of the fastest-growing direct-to-consumer mortgage companies in the country. We owe our amazing success to a sound business model based on three fundamental principles: Excellent customer service, getting low competitive rates, efficient administration. If you’re paying 5% or more, you may be able to save money.

If your rate is already low, but your payment is still high, you can lower your monthly payment and change loan terms to extend the repayment period. You may be eligible to choose a shorter terms so that you can pay off your loan sooner. If you are looking for a way to pay off your mortgage sooner with a low payment, Call us today; we can help you to determine the best way to change loan terms so that you save money every month!

A Rate and Term refi is different from cash out refinancing because you will not increase the amount you owe, but you may lower your monthly payment. You can either choose a fixed low interest rate or a short term ARM that adjusts your rate every year. We can also help you decide on various hybrid ARMs that may benefit you and your family. These loans have a fixed-rate period followed by one-year adjustments. They can offer rates lower than fixed mortgages. Call our team of experts to help you figure out the best option for your individual needs and circumstances.

Refi rates are at historic lows and you should call us now so that you can take advantage of these low rates when selecting a mortgage. Most long term fixed rates are below 5%. An ARM often involves lower rates than a 15 or 30 year mortgage. An ARM starts with a low rate for several years and then adjusts to a higher level. Another option that we can counsel you on are interest only mortgages. However, the disadvantage is that the principal amount of your loan does not get lowered.

Call our team now. You can Lower monthly mortgage payments by extending your repayment term. We will navigate you through the process and show you how much and how long you will be making payments to your bank. We can refi your loan to help you achieve your financial goals.

If you choose to Extend your loan, you can still opt to pay the loan off early by making payments towards principal. If you extend the term of your Home Loan, you will lower your current monthly payments. Also, The term of your loan can be shortened if you desire to do so. Call our experts NOW! We are here to steer you through the winding road of issues when you extend your loan.

Rate and Term Refinancing is a great way to lower your monthly payment without increasing your loan balance. You can Refi your current terms and interest on your mortgage without spending additional monies upfront. This type of refinancing can provide you with lower interest rates than a cash-out Refi the basic advantage with rate and term refinancing is to lower your interest rates. Because there are pros and cons when comparing rate and term with cash-out refinancing, you should call us now so htat we can find the best option for you and your family!

CYE will help you to navigate the sea of Mortgage companies and loan options to help you reach your goals. Comparing rates and lenders will give you a clear picture of your options so we can get the best deal for you. Here are some questions to ask as we at CYE compare your lending options:

  • What is your relationship with the lender like?
  • What variety of refi option does you bank offer?
  • Which loan program is the best for your needs?
  • What fees does your lender charge and will they waive these fees?

Call us today so that together we can decide which lender is the right one for you and your family!

Our advisors start with a refinancing calculator to look at the numbers and make sure that a refi is the best option for you. We use this refinance calculator to help you decide if refinancing makes sense for you and to help you lower your mortgage payment. This refinance calculator estimates the monthly mortgage payment you will have to pay your bank on your current loan vs. your new refinance terms. We help our clients save money and avoid the stress and headaches so that you can lower your monthly payments and take advantage of the rates while they are still low. Call us now!

Do you Qualify?

At CYE, We are here to explain the rate and term refinancing restrictions. Over time, your home financing options most likely have changed so that once was the best financing option for you is no longer the situation and a change is needed to save you money. The financial landscape is changing all of the time and this affects your home refinancing options. Let us review your current home financing to see if your current loan makes good financial health for you and your family,

In order to qualify for a refi, your credit score should be over 600 and your income should be high enough to support the monthly payments. You will also need some home equity to qualify for a standard refi. If your home value is less than your existing loan balance, you may qualify for a refi program called HARP, but you will need to call our team to determine whether you are eligible for HARP or not. This program provides low interest rates even if you are upside down on your mortgage.

Qualifications for rate and term financing depend on several factors such as credit, income, and equity. But loans vary and the best way to know what makes sense for you is to call and discuss your goals.

At CYE, our advisors are here to simplify the process of qualifying for a refi and explaining the Benefits of loans. You will most likely qualify for a very low Interest rate if you have a high credit score and substantial equity in your home, depending on your income. Call us today to begin the qualifying process and we will pre-approve you within minutes over the phone.

When to Refinance

Right now is the best time to refinance, as rates are still at historic lows and only moving up with time. If you are able to refinance now we at CYE may be able to save you significant monies over the life of your loan. A cash out refi may be a good option if you need quick access to money for any personal or business reasons. Utilizing your home’s equity can be risky and you will definitely want to consult us at CYE before making any final decisions.

Rate and term refinancing is a great option if you are looking for a lower monthly payment with a fixed rate. It allows you to lock in a set rate so that you are not subjected to higher interest rates that may occur with ARM refinancing. Another option is to shorten the length of your loan so that you can pay off your mortgage sooner. This saves you money over the life of a longer term loan.

A Refi is a great way to save money and take advantage of many benefits. We will also help to familiarize you with tricky tax rules on what is or isn’t deductible for interest payments.

Call us today for more information on how to save money and how best to utilize the tax benefits with a Refi. We will help you to qualify for a Home mortgage loan that makes sense for you with lower payments and lower rates for many years to come. Call us today and talk to one of our trusted advisors, We are here to help! Call now!

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