By : Laurie Coppock https :// lo . primelending . com /
A Fast , Free Mortgage Review will Tell You ! When you want to know if you ’ re meeting your health goals , you may step on your bathroom scale and check your weight . Or visit a local gym to have a professional fitness trainer run you through basic fitness assessments . Or even make an appointment with your doctor for an annual check-up and set of lab tests . These are all smart , responsible actions you take to validate that you are in good health , or help you identify areas in need of improvement .
Your mortgage fitness is equally important . As one of the largest investments you ’ ll ever make , you need to know if your mortgage is performing as your expected and as well as it could be . And the implication can be large as well . By refinancing your mortgage , you may be able to save tens of thousands of dollars over the life of your loan . Even if you ’ ve refinanced three or more years ago , you may be able to refinance your loan and realize benefits , such as paying off your loan more quickly or lowering your monthly payment .
An Annual Mortgage Review Helps You Maintain Healthy Finances
There are a number of reasons why having an annual mortgage review makes good sense . Within a year , rates may have gone up or down , your financial situation may have changed , and your goals may be different such as finding a way to afford to send a child to college , buy a larger home or start preparing for retirement .
A mortgage review is a great way to ensure your mortgage is still meeting your needs and helping you achieve your financial goals .
The mortgage review will : * Reveal how well your mortgage performs relative today ’ s interest rate
* See if your loan program needs to be adjusted to accommodate new goals or circumstances , such as a change in salary or living expenses * Include an analysis of any upcoming large purchases and how they can impact your budget
By having your mortgage tested , we ’ ll find out if we can :
* Drop your interest rate * Cut your monthly payment * Reduce the length of your loan term * Eliminate your PMI ( Private Mortgage Insurance premiums ) * Use your home equity for cash or renovations * Qualify you for purchasing an investment property or second home
The review also indicates :
* Whether your credit report has issues that need attention * Your eligibility for special home borrowing offers , such as VA loans
While the review may reveal your home loan doesn ’ t need any changes , it will give you peace of mind knowing that your mortgage is in the best shape possible . You ’ ll be reassured that until the next review :
* You have the lowest interest rate possible * You ’ re on track to have your loan paid off * You have a financial program that meets your specific goals
It is for your benefit to contact your loan officer today for your fast , free and easy mortgage review .