Get a Refinance Review Today!!!
A jumbo refinance loan is a specialized financial tool designed for homeowners who need to refinance an existing loan balance that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. This type of refinance is ideally suited for properties in high-cost areas or those with luxury features. While these loans often come with stricter credit, debt-to-income ratio, and cash reserve requirements, they provide an opportunity to secure potentially lower interest rates or alter loan terms for high-value properties. Remember, these loans typically require a significant amount of home equity to qualify. Discover the advantages of jumbo refinance loans today and optimize the mortgage terms for your high-value property.
Lower Interest Rates: If interest rates have dropped since you took out your original mortgage, you may be able to lower your monthly payments by refinancing at a lower rate.
Shorter Loan Term: Refinancing to a shorter loan term can help you pay off your mortgage faster and save money on interest over the life of the loan.
Change in Financial Situation: If your financial situation has changed, such as an increase in income or a decrease in debt, you may be eligible for a better interest rate or more favorable loan terms through refinancing.
Cash Out: Refinancing can also provide an opportunity to tap into your home's equity and use the funds for home improvements, debt consolidation, or other expenses.
Travis Egan, VA Mortgage Vet
NMLS # 655284
2031 Wilma Rudolph Blvd
Clarksville, TN 37040
(931) 208-6280
Loan Factory
NMLS # 320841
2195 Tully Road
San Jose, CA 75254
(660) 333-3333
Loan Factory is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other federal regulations. All applicants applying for credit from Loan Factory will never be discouraged based on race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All information we request is voluntary and will be kept confidential. For more information on the ECOA, please visit: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm
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