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Hop on the Refi Express … and catch the savings.
Millions of Americans have taken advantage of recent interest
rates that have hit historic lows. With Flaherty Funding,
you can still make the move and make money.
All the Flaherty Funding loan products under Home
Purchase are also available for refinances. Our Mortgage
Consultants can show you the one that best suits your
needs.
Refinancing makes sense if
- Rates are now significantly lower than on your current
mortgage.
- You wish to use the equity in your home (get cash out).
- The term of your current mortgage is too long, and you
wish to shorten it.
- A fixed rate mortgage works better for you than an adjustable
rate, or vice versa.
- You want to eliminate Private
Mortgage Insurance which is non tax-deductible.
Check with a Flaherty
Funding Mortgage Consultant to see if refinancing is right
for you.
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FLAHERTY FUNDING CORPORATION IS A LICENSED MORTGAGE COMPANY.
CLICK HERE FOR STATE SPECIFIC LICENSURE DISCLOSURE. |
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| It's In
Your Best Interest to consider the following when you refinance:
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Add
up all the costs - points, fees, extra insurance. |
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Figure out
monthly savings - subtract your new, refinanced mortgage payment
from your current payment. Multiply the result by your state
and federal tax rate to calculate your net savings. |
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Divide
your costs by your net savings to determine how many months
it will take to pay off the cost of refinancing. |
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Look
for hidden costs like a prepayment penalty on your current loan. |
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Compare
interest rate and points charged. Generally, lower points mean
higher interest rates. If you don't plan to stay in the home
for a long time, low points or zero points are preferable because
you won't have a chance to recoup that cost. |
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