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"Find the Answers to All Your Questions...
and if Refinancing Your Mortgage is Right for You"
No Longer Will You Wonder If Refinancing Your
Mortgage is the Right Thing To Do!
Dear
Friend,
My name is Patty McLain and I've been helping people with their mortgages in the Twin Cities area since 1991 and let me tell you, regardless of what you may have heard from other loan officers, it's not always the right thing to do.
Please use this site as your resource and if you have any questions. please don't hesitate to call me.
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Patty McLain
Mortgage Banker |
What you need to know:
The industry has changed drastically in the past few years and with all the new rules and regulations, it's no wonder so many people have questions. It's a full time job just keeping up with it all! That's why I've created this web site, to help you understand the changes so you can make an informed decision about whether it makes sense for you to refinance your mortgage, or not.
Is Refinancing Your Home the Right Thing To Do?
Refinancing makes sense when the money you save on your monthly mortgage payment can cover the costs of refinancing over a reasonable timeframe.
Use the calculator below to determine the amount of money you will save by refinancing to a lower interest rate. If you would like me to run the numbers for you, feel free to give me a call at 952-417-8460, or send me an email patty@rmgmn.com.
When Is a Refinance the Right Choice?
There are several factors to consider before you begin the refinance process. I've listed some of the main points here to get you started.
You may want to consider refinancing if:
- Your current interest rate is 5.5% or higher.
If your current mortgage interest rate is higher than 5.5%, you can save a considerable amount in your monthly payments.
If you are in an adjustable rate mortgage, you may want to consider locking in on a 30 year fixed mortgage while the rates are still low.
- You are current on your mortgage payments.
If you have had one, or more, late payments on your current mortgage, it will be difficult to better your rate
- Your credit is good.
Credit plays a major role in the interest rate you can qualify for. Although, in certain situations, there are some programs that you can qualify for with less than perfect credit.
If you are not sure where your credit score stands, call me and we can run a credit report so we can take a closer look.
When shopping for a mortgage, it is crucial that you work with an experienced mortgage professional.
I have been helping my clients find the perfect mortgage options since 1991. I am a Senior Mortgage Consultant with RMG residential mortgage group, and specialize in educating people to make the right decisions on their home purchases and refinances in order to achieve their short, and long term financial goals. RMG has the products, resources and systems to give you the kind of service you deserve.
I believe that owning a home is a smart investment and that your home should be a place where you can truly be yourself.
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Credit Issues?
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If you are interested in a refinance, but believe that your credit might be an issue, I have some information for you that could help you change your situation in as little as six months. There is hope! Please call me for details:
952-417-8460 |
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Is a Refinance Not Right For You? |
If you have determined that you are not in a position to refinance at this time, but would like to receive periodic market updates and correspondence from me, please join my monthly email newsletter list by filling out the form below.
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Now that you've had a chance to review all the information on this site, you may want to explore the options you have available. If you think you may be a good candidate for a refinance, I'd like to offer you a free 30 minute phone consultation so we can discuss your needs and determine if a refinance would benefit you.
Please complete the form below.
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