Refinancing has been BIG for the mortgage industry the past 2 years in particular. While everyone wants the unicorn lower rate, lower payment, and shorter period of time, usually you have to give up or choose at least one of them. But there are SO many more reasons to refinance!
- A recent customer took cash out to finish his home remodel.
- A recent customer took cash out to consolidate his debt, still met his time frame goals and is saving on his monthly payments so much that he intends to pay it off in HALF the time!
- A recent customer took cash out of his rental properties to buy another!
- A recent customer took his loan term down 10 years (7+ more than he had left) and maintained about the same payment. Do the math on that one, he is paying the same payment as he would have had for 27+ years and now it’s 20!
- A recent customer eliminated multiple minor liens that they had on their property, one mortgage payment now and saved per month.
- A recent customer took out their Home Equity Line of Credit that they said about the balance: “never went down.”
- A recent customer eliminated PMI that they had, taking advantage of the new appreciation that their home had already within 2 years of purchase! They refinanced conventionally with no mortgage insurance and saved $200+ a month in their mortgage payments!
Corey Vandenberg - Mortgage Loan Officer - NMLS 563900 
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