Why Refinance?

Why refinance? There are several reasons to refinance a mortgage. You probably can think of the first one - to get a lower mortgage rate. Despite sinking rates, a lot of people haven't refinanced. But low rates are not the only motive for refinancing a home loan nowadays. The following reasons could convince you to consider a new home loan:

- Consolidate two mortgages

- Switch from an adjustable-rate mortgage and refinance into a fixed-rate loan.

- Obtain a cash-out refinance. If you refinance for more than you owe, get cash to spend or invest.

With rates still at historic lows, now is the perfect time for a mortgage check-up!

Mountain West Financial, Inc. has offered the FHA Streamline for many years, dating back to its inception and licensing under HUD in 1990. An FHA Streamline refinance is just as it sounds, a streamlined way to obtain a rate reduction, and recently with the announcement of reduced mortgage insurance premium, to lower monthly mortgage expenses for FHA homeowners even more.

FHA began offering this limited documentation mortgage in the early 80’s. Most lenders such as Mountain West Financial do not charge up front fees for this type of refinance, as we are incentivized by the mortgage market to offer this product with no out-of-pocket expense. In most cases, you will simply continue to make your payments throughout the process.

For more information visit refinance.mwfinc.com


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.