Don’t Wait for Home Values to Drop… Cash-Out Your Max Equity Now.

There are always fees for refinancing because the mortgage lender invests a substantial time in originating the loan (gathering qualification data, creating options, processing and underwriting your new loan). Most origination fees are typically rolled into the loan itself so you don’t need to pay any of these closing fees out-of-pocket. However, it’s still in your best interest to know how much those fees are, after all, you are paying them whether upfront or over the term of the mortgage.

If you’re already a US Mortgages customer then you’ll automatically qualify for the Lifetime Origination Guarantee™ where we waive any origination and appraisal fees on your refinance. If you're not already a US Mortgages customer, you’ll receive the Lifetime Origination Guarantee™ on any home loan, so if you ever need to refinance again for any reason, you won’t pay origination or appraisal fees again.

Remember, your home is always the collateral for your mortgage loan. This is what allows your mortgage lender to extend so much credit for such a low interest rate. If you continuously fail to make your mortgage payments, your mortgage lender can potentially foreclose on your home and recoup some of their losses. This is why it’s critical that you can afford the mortgage payments after your refinance.

After the 2007 banking crisis, new lending guidelines have been put in place that protects consumers from getting into loans they can’t afford. Those new guidelines, however, don’t protect the consumer from taking on additional debts that can jeopardize their overall ability to repay their debts.