Deciding whether to refinance your home or not can be a tough decision. Several factors must be taken into account: how long you plan to stay in your home, your tax bracket, and the cost of refinancing. At Downs Financial, Inc., our friendly, knowledgeable loan officers can help you find the perfect refinancing plan for your situation.
There are a few things you should check before you refinance. Your original loan my have a steep penalty for early payoff, so check this first, as it may drive up the refinancing costs. As well, an interest rate that's too low will constitute a lesser deduction on your tax return and can drive up your tax payments. This ultimately decreases the total amount of savings from a refinance. Our licensed loan officers at Downs Financial, Inc. are well versed on these and many other considerations and can ultimately recommend the best option for you.
We're a direct lender, meaning we don't have to wait for the bank to approve our customers. We can pre-approve you the same day and close your loan in five days. Our years of experience and know-how have made us leaders in the industry. When you allow us to help you in your refinancing, we'll show you why customers bring their business to us time and time again. We truly are experts in our field and know all the inside secrets to getting you the best deal with the lowest rates.
Why pay non-refundable processing fees and lender closing costs when you can deal directly with the bank and keep expenses low? We make refinancing easy because we understand the entire process, inside and out. We will guide you through the process, start to finish, whether this is your first or fifth refinancing experience.