HAVE QUESTIONS ABOUT REVERSE MORTGAGES?
Please click on the link below to explore Choice Mortgage Bank's Reverse Mortgage Lending Center.
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Old Rules No Longer Apply
If interest rates fall below your current mortgage rate, refinancing
may be a great idea. The old idea that rates must be 2 full percentage points
below your existing loan is not true. A drop of as little as 1/2% could save
you thousands of dollars.
A variety of loan terms, no-point rate options
and lower closing cost loans have greatly decreased the rate difference needed
to make refinancing profitable.
We as consumers spend substantial amounts
of time trying to make our savings and investments earn more. One avenue which
is sometimes overlooked is seeing how much we can decrease our debt payments.
Since a mortgage is usually the largest debt we have, it pays to concentrate most
on reducing that payment first.
Choice Mortgage Bank
40 SE Fifth ST #502
Boca Raton, FL 33432
Phone (561) 362-8441
Fax (561) 362-8820
Boca Raton, Delray Beach, Boynton Beach, Ft Lauderdale, Miami, Atlanta, Melbourne, Tampa, Orlando, Jacksonville, Naples, Ft Myers, Coral Springs, Cocoa Beach, Daytona, Denver, Detroit, Merritt Island, Vero Beach, Jupiter
A variety of loan terms, no-point rate options
and lower closing cost loans have greatly decreased the rate difference needed
to make refinancing profitable.