Refinancing Your Current Mortgage Home Loan

Please Note: I have some terrific information about refinancing your home loan here on my site. However, each refinance scenario is unique so the best thing to do is contact me directly at 702-808-8328 or you can email me and I will contact you at your earliest convenience.

Which mortgage refinancing option is best for you?

There aren't quite as many mortgage loan programs as there are borrowers, but it seems like it sometimes! We'll work with you to qualify you for the best Las Vegas or Las Vegas, Nevada Mortgage loan program to fit your needs. But there are some general considerations you can have in mind in advance before you contact me for a refinance.

Are you refinancing your Nevada mortgage primarily to lower your interest rate and monthly housing payments? Then your best option might be a low fixed-rate Nevada mortgage. Maybe you have a fixed-rate mortgage now with a higher rate, or maybe you have an ARM -- adjustable rate mortgage -- where the interest rate varies. Even if it's low now, unlike your ARM, when you qualify for a fixed-rate mortgage you lock that low rate in for the life of your loan. This is especially a good idea if you don't think you'll be moving away from Las Vegas or Las Vegas within the next five years or so. On the other hand, if you do see yourself moving away from Nevada, within the next few years, an ARM with a low initial rate might be the best way to lower your monthly payment.

Visit our Mortgage Calculators page to help determine how these mortgage products will affect your financial scenario.

Are you refinancing your Las Vegas, NV Home Loan primarily to get cash out?

Maybe you want to pay for home improvements, pay your child's college tuition bill, take your dream vacation, whatever. Then you'll want to qualify for a mortgage loan for more than the balance remaining on your current mortgage. If you've had your current mortgage for a number of years and/or have a mortgage whose interest rate is higher, you may be able to do this without increasing your monthly payment.

Do you want to use your cash out from your refinance to consolidate other debt?

Las Vegas, NV has been a very strong market for several years so it may be a Good idea! If you have the equity in your Nevada home to make the loan work, paying off other debt with higher interest rates than the interest rate on your mortgage -- for example, credit cards, home equity loans, car loans, some student loans -- means you can save possibly hundreds of dollars a month. This may be a great opportunity to look at a Home Equity Line of Credit.

Do you want to build up equity more quickly, and pay off your mortgage sooner?

Consider refinancing with a shorter-term loan, such as a 15-year fixed rate mortgage. Your payments will be higher than with a longer-term loan, but in exchange, you will pay substantially less interest and will build up equity more quickly. If you have had your current 30-year mortgage for a number of years and the loan balance is relatively low, you may be able to do this without increasing your monthly payment -- you may even be able to save! For example, let's say years ago you took out a $150,000 30-year mortgage at eight percent. Your payment is about $1,100, exclusive of taxes, insurance and so on. If your balance today is down to $130,000, you might take out a 15-year mortgage at six percent and have an almost identical monthly payment. This is a great option for people whose main goal is not to save money on their monthly payment but rather want to build up equity and pay off their home more quickly.

Finally, although I mention Henderson and Las Vegas, NV frequently I am approved to do Mortgage Loan Refinancing in all States!

Call me today for a comprehensive mortgage refinance analysis! Contact me at 702-808-8328 or EMAIL ME for a fast response!