Monday - Friday, 8:00 a.m. - 7:00 p.m.  |  Saturday 8:00 a.m. - 1:00 p.m.  |  If your need is urgent, call Bob up to 9:00 p.m. Monday - Saturday

Bob's Enterprises

Phone Icon (972) 202-1977 Office
(214) 455-6195 Cell


NMLS # 1880640 | Individual NMLS # 268611

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Refinancing:

Refinancing your home mortgage in Texas means replacing your home's old mortgage with a new mortgage to gain advantages.

Why Refi?

Homeowners usually refinance when they can do so under better terms, thereby lowering their interest rate, monthly payment, or reducing the payback period. For instance, if interest rates have gone down significantly since you obtained your original mortgage or if your credit has improved, refinancing = saving ... $$THOUSANDS of DOLLARS$$  ... over the time of your mortgage. Also, the associated costs can be included in the loan so you have no out-of-pocket fees! 60% of the time our customers get a no-cost apprasial and the lender pays some of the closing costs.

Benefits of Refinancing:

     Lower Interest Rate: Reduce Your Monthly Payment and.....SKIP.....a Payment.    YAY!
It's always wise to keep an eye on interest rates to see if they've dropped since you purchased your home. If so, refinancing makes sense. Reducing your interest rate even by just a percentage point can make a huge difference in how much you end up paying. One immediate benefit of refinancing with a lower interest rate could be to lower your monthly payment. Mortgage rates are at an all-time, historic low.  Now is the time to take action!

     Reduce the Length of Your Mortgage: Own your home 100% much quicker
Many homeowners refinance in order to shorten the time it takes them to pay back the loan. Shortening the payback period will cost the homeowner far less money in total.

     Cash Out Part of Your Home's Equity
Refinancing is a great way to free up equity that's tied up in what is many people's largest asset - their home. These "cash out" options provide instant, tax-free cash that can be used for any purpose you'd like, such as to pay off more expensive debt, renovate your home, pay medical expenses, start a business, or for a down payment on a second home or investment property.

     Convert an ARM to a Fixed-Rate Mortgage
If you currently have an Adjustable-Rate Mortgage (ARM), you may wish to refinance to a fixed-rate mortgage either to lock in a low interest rate or make budgeting easier by certainty of the amount of the monthly payment.

Who Should Refinance?

Any homeowner paying a mortgage should consider refinancing. Changes in your income, career, goals, or the housing market may bring advantageous opportunities to you. Only homeowners who plan to sell their homes in two to five years should not refinance.

Ready to Refinance Your Mortgage?

It's easy. You can contact us or go to the Apply page.


Bob J. Brown - Sr. Mortgage Broker
bjbrown10@bobsenterprises.net

(972) 202 1977 Bus. (Forwards to Cell)
(214) 455 6195 Cell
NMLS # 1880640
 
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