Refinancing Your Mortgage
Don't Miss a Great Chance to Refinance!
Shortening your loan term, lowering your monthly payments,
replacing your adjustable-rate mortgage, consolidating credit
card debt, paying education costs, making home improvements;
these are all great reasons to refinance your mortgage now
with Foxx Capital Funding Inc.
First, because interest rates are lower than they were in
the 80's, refinancing from 7% to 6% gives you the same proportionate
savings as refinancing from 14% to 12%. Also, the costs of
originating a loan have fallen. If you are charged very little
in points or origination fees, then even a tiny reduction
in interest rates warrants refinancing.
One option is to refinance your 30-year mortgage with a 15-year
mortgage. It's true that the monthly payment on a 15-year
loan is higher than on most other mortgages-it's designed
to be paid off in 15 years rather than 30 years. But if rates
have fallen enough or your income has risen enough since you
took out your original mortgage, the 15-year may now be more
affordable for you.
Of course, you can also cut your payments by refinancing
with a new 30-year loan! Or if you have an ARM loan (adjustable
rate mortgage), you can lock in at today's low interest rates
and avoid the risk of rising rates down the road.
Do you want to make improvements to your property? Do you
have credit card debt to pay off? Are you buying a business?
Do you need to underwrite your child's college education?
Cash-out refinancing is the answer! If you bought your home
with a high percentage of cash, you can refinance with a larger
loan and walk away from the closing table with a fat check!
Don't pay more than you have to. If you can save thousands
and thousands of dollars, you should refinance immediately
and take advantage of today's rates, they won't last forever.
Of course, if you have any other questions or require more
details on this program or any others, please contact
us or prequalify through
our Web Application
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