[Tempe, 10/04/2017] – VIP Mortgage helps improve the financial situation of borrowers with their mortgage refinancing services. With the company’s help, customers can enjoy long-term savings and reach their business goals. By partnering with VIP Mortgage, borrowers can count on two things: the lowest rates to maximize savings and superior customer services to deliver the best value.
What is Mortgage Refinancing?
Mortgage refinancing entails paying off an existing loan and replacing it with another. Borrowers may customize the details of their new mortgage loan, including the mortgage rate, loan length, and amount borrowed. Unlike traditional mortgages, a refinance often closes more quickly than traditional loan programs and requires less paperwork.
Mortgage refinancing appeals to borrowers because it offers several financial benefits. Some of them include:
• Lower interest rates – Several lenders agree that at least a 1% savings is already enough incentive for a borrower to refinance. Apart from reducing interest rates, however, a refinance could also decrease the number of required monthly mortgage payments and help people build equity in their home faster.
• Converting between adjustable-rate (ARM) and fixed-rate mortgages (FRM) – In a falling interest rate environment, some borrowers may consider converting from an ARM to an FRM (or vice versa). That way, they can avoid future interest rate hikes.
• Consolidating debt – Choosing to refinance allows borrowers to turn the equity they’ve built in their home into cash they can use to improve their financial circumstances. By consolidating debt, people make fixed payments instead of paying a monthly revolving balance.
Seasoned Professionals that Offer the Best Value
VIP Mortgage gives borrowers the opportunity to enjoy long-term savings with its refinancing options in Phoenix. Regardless of the situation, individuals can take advantage of the loan to start a business or make new investments. The company employs loan officers with broad industry knowledge and over 10 years of experience in the industry. That way, it helps customers determine whether mortgage refinancing is the right option for them.
About VIP Mortgage
VIP Mortgage helps borrowers from Arizona fulfill their dream of homeownership. Some of the loans it offers include VA, HARP, FHA, jumbo, construction loans, and more.
To learn more, visit https://www.viploansaz.com/.