What does Refinancing mean?
What are the reasons I would want to consider refinancing?
Refinancing is simply paying off an existing loan with the proceeds from a new loan, usually of the same size and using the same property as collateral. In order to decide whether this is worthwhile, the savings in interest as well as other information must be weighed against the fees associated with refinancing.
Other reasons to consider when thinking about refinancing include reducing the term of a longer mortgage or switching between a fixed-rate and an adjustable-rate mortgage.
Yes, The Mortgage Team has all the programs and tools to take your loan application online, but we are proud to be a traditional mortgage company that enjoys shaking hands with all of our clients. Remember, “You have to enjoy the journey, so that you can enjoy the destination”.
For additional information or to schedule a complimentary consultation with one of our mortgage experts, please call us at 407-339-5222 or 800-865-0001.