Refinancing is the process of paying off an existing loan with a new one. Some people refinance to take advantage of a lower interest rate, which lowers the monthly payment. Others refinance in order to cash out some of the equity in their home.Refinancing might also make sense if you want to change the type of loan; for example, if you have an adjustable-rate mortgage (ARM) and interest rates rise, you may want to refinance with a fixed-rate loan.
We can tell you more about the various refinance options available to you.
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First of all they give the buyers a slew of options and then a very realistic idea of their purchasing power. They respond very quickly when a pre-quaification letter is needed to submit an offer. Other agents and sellers respect Trident Mortgage and feel very comfortable accepting an offer with a Trident pre-qualification letter. Once the process has become they keep the buyers apprised of the information they need to provide and the deadlines they need to meet in order to keep the process rolling. They are cognizant of the mortgage commitment date and make every effort to make sure that they hit that target date, if not before. Finally, the mortgage agent actually comes to settlement and explains the paper work to the buyers, which is very rare in this digital world. All in all I couldn't ask for more from a mortgage company~ S.Y.