Providing home loan mortgage financing in Lake, Geauga, Mahoning, Columbiana, Erie, Sandusky, Seneca, Wyandot, Putnam, Hancock, Ottowa, Fulton, Williams, Henry, Defiance, and many more Ohio counties.
Providing financing in Lucas, Cuyahoga, Lorain, Medina, Wood, Summit, Montgomery, Licking, Deleware, Warren, Hamilton, Butler, Franklin, Fairfield, Stark, Wayne, Knox and many other Ohio counties.
Providing home mortgages in Findlay, North Ridgeville, Highland Hills, Beachwood, Moreland Hills, Ashtabula, Rock Creek, Delaware, Franklin, Brunswick, Geauga, Grafton, Lorain, Green, Bath, Sandusky, Port Clinton, Huron and many other Ohio communities.
Providing mortgage financing in Cleveland, Cincinnati, Toledo, Bowling Green, Columbus, Akron, Canton, Avon, Strongsville, Avon Lake, Solon, Dayton, Medina, Wooster, Youngstown, Alliance, Mentor, Elyria and many other Ohio cities.


Home just off the MLS want want to refinance

Home just off the MLS want want to refinance? - If you just pulled your home off the MLS, and have decided to refinance, there may be a certain time before the home can be refinanced. Talk to your Loan officer, and they will be able to work out a plan for you.

There are some lenders that will not have a problem refinancing you even 1 day oafter your home has been pulled off of the market, but there are some special circumstances that come into play. For example, if you had your home listed on the MLS unsucessfully for 6 months at $200,000 chances are that is the maximum value that the lender will allow you to use for the appraised value of your home.

Cash-Out Refi - "I was told I can get a Cash-Out on my refinacing with my mortgage. How does this work, and will I have higher payments?"

A "cash-out" Refinance simply means you taking a loan out against your home, the interest rates are a lot lower than a personal loan and the term can be stretched out longer therefore reducing the monthly payment compared to other loans.

Streamline Refinancing for FHA Mortgages - The basic requirements of a streamline refinance are:

- The mortgage to be refinanced must already be FHA insured.
- The mortgage payment should be current.
- The refinancing should be beneficial for the borrower, i.e. lowering the monthly payment for the borrower.
- No cash may be taken out on mortgages refinanced.

Refi - When is the best time to refinance? How do I know if refinancing is good for me or if it will benefit me? How long will it take me to recoup the closing costs of a refinance? These are a few of the questions that many ordinary people ask everyday about refinancing. You should contact a mortgage professional to answer these questions for you specifically because refinancing is different and accomplishes different things for each consumer. A good time to refi, or refinance, is when you are looking to lower your monthly payment because the rates have decreased from when you obtained your loan, your financial situation has changed, you would like to switch your loan from a fixed rate to an adjustable rate to lower your rate and monthly payment, or you have decided that you need to increase your loan term because your payment is either too high or not within your budget at this time. Email me at to obtain your free mortgage analysis and find out if refinancing would benefit you currently and by how much.

Have your credit scores changed drastically recently? If you had low credit scores a few years ago, but have since worked on paying down high balance credit cards, paying off collections, or if you have a bankruptcy that has been discharged, then you may be in a situation where refinancing will save you a lot of money.

Understand what you are trying to achieve by refinancing. Once you identify your objective, your mortgage broker can easily help you accomplish your goal. However, be realistic about what you can accomplish. For instance, while it is possible to get the most equity out of the house or shorten the loan terms, do not expect to "cash-out" the highest amount possible from the equity of your home and expect the lowest interest rate with the lowest monthly payment.

Many times refinancing will not necessarily yield you a lower interest rate. Several factors could have changed from the last time that you went through the loan process. Your credit score could have dropped, less income, or your LTV may be different. It would still make sense for you to refinance if you are consolidating high interest credit card debt. Your total monthly payments would drop, and you may have more tax deductions with a slightly higher mortgage interest rate. Debt consolidation refis are a great way to get your financial goals back on track.

Streamline refinance your FHA loan. - One of the great features of an FHA loan is that you can refinance it using a FHAs streamline refinancing program. Streamlining your FHA loan is fast and can save you a lot of money.

The Federal Housing Administration (FHA) has permitted streamline refinances since the early 1980's. The streamline refers only to the amount of documentation and underwriting that needs to be performed by the lender, and does not mean that there are no costs involved in the transaction.

There are some strict guidelines when it comes to FHA streamlines. One of the guidelines is a cap to how much your payment can increase. If it goes higher then the cap then a streamline is not an option.

Spouse overseas in military, can I refinance? - You can use whats called a Power Of Attorney which should be prepared prior to your spouse being sent overseas. It will allow the statebound spouse to sign for both parties.


If you have any questions regarding our products, you can contact us by calling or e-mailing us and we'll get back to you as soon as possible. Thanks!



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