The real estate market constantly changes and evolves due to the time of year and the current economic conditions. If you purchased a home during our most recent economic recession, then you could have locked in a great mortgage rate. However, if you do not have the best rates, you may be considering refinancing your current mortgage. The first question that you should ask if you are considering refinancing is how much it will cost you. The points and fees associated with refinancing could add up, costing you thousands of dollars. Is it worth it? Our independent mortgage brokers at Scout Mortgage in Scottsdale will keep your closing costs as low as we possibly can so that you procure the best rate. Here are some of the benefits of refinancing:
Reduced Interest Rates
Now is the time to take advantage of the historically low interest rates on the current market. Lock in a mortgage with a low interest rate before rates begin to rise. Our mortgage brokers contact several of the nation’s largest and most competitive mortgage lenders so that you can find a mortgage with a low rate and low closing costs.
Reduce Your Mortgage Term
In general, shorter term mortgages include lower rates. Over time, you could save thousands of dollars by refinancing to a loan with a shorter term and lower interest rates. To help determine the best loan terms for your needs, contact our loan originators.
Cash Out Your Equity
Do you need to consolidate debt for a credit cards, student loans, or a second mortgage? Perhaps you need capital for home improvement projects or other projects that you would like to complete. Refinancing might be a great option to cash out equity for any of these reasons. Sometimes, you can obtain lower fixed rates and an improvement in your monthly cash flow when you combine debt into a mortgage loan.
Why Choose Scout Mortgage?
Honesty, integrity, and transparency are the core values of our mortgage brokers at Scout Mortgage. For almost 20 years, we have provided low mortgage rates and great service to thousands of clients. When we opened our doors in 1999, we felt a moral responsibility to put the needs of our clients ahead of our own. Our mortgage specialists are salary-based, which means that they are paid the same amount of money no matter what type of loan you decide upon. We combine our experience and expertise with customer service to make the entire process as easy and as quick as possible. We can even complete the entire process in as little as 21 days, and we personally deliver the final mortgage loan documents to your door for signing. Additionally, Scout Mortgage also offers a complimentary mortgage management system in which you are alerted if rates drop after closing. Are you interested in refinancing your current mortgage? Contact our mortgage advisors in Scottsdale today for a free appraisal. We work hard to ensure that you find a mortgage plan that fits both your lifestyle and your budget.