Colorado Mortgage, Home Loan & Refinance Broker
How do you know if you're ready to refinance your mortgage? Will a mortgage refinance be beneficial to your financial situation? The housing market is at its strongest in nearly a decade. With thousands of dollars in potential annual savings, there has never been a better time to refinance your Denver mortgage. At US Mortgages in Denver, we know that there's more to your financial situation than reports from credit agencies. When refinancing your mortgage, we consider every person's unique financial standing and will never advise a loan when it isn't in the borrower's best interest. Learn more about the different kinds of home loan refinance plans within the Denver area.
US Mortgages Offers Cash-Out Refinancing
Cash Out Refinancing gives borrowers a chance to pocket cash! If you need to pay college expenses, need cash on hand for home repairs or have other bills that just can't wait, mortgage refinancing with our Denver company may be a good option for you. So how does it work? Say that you owe $40,000 on a $200,000 mortgage on your Denver home. You can do a Cash Out Refinance for $60,000 and have $20,000 to do with whatever you choose.
When Cash Out Refinancing replaces your mortgage, and like you did when you first got your home, this generally will require you pay closing costs.
What other refinancing options do we offer?
With Refinancing for Debt Consolidation, you can take advantage of some of the lowest interest rates in decades and pay off all your high interest loans, saving you money. Debt Consolidation allows you to make one small payment at a lower interest rate while paying less every month. Plus, the interest on your refinanced Denver home mortgage is usually tax deductible, unlike credit card interest. Debt Consolidation also helps you build your credit and is a great idea for anyone who'd like to improve their credit score through strengthening their payment history. The lower payments associated with Debt Consolidation are a huge relief to Denver families overwhelmed by debt. We also offer ways to help you reduce your loan term.
Let us know your contact information and we'll be happy to explore how home refinance in Denver may be of benefit to your family and financial situation.