Benefits of Refinancing

Whether you're refinancing your current mortgage to lower your rate, your term or to convert your equity into cash in order to perform home repairs, renovations, additions, pay for tuition or simply consolidate high interest debt, it's important to have loan options and the right guidance; we would be happy to answer any questions and help you through the home loan process, from application to closing.

Lowering Your Interest Rate:*

A lower interest rate may help you reduce your monthly principal and interest payment and save you money over the life of the loan.

Modifying the Term of Your Loan:*

Depending on what your specific goals are you may be interested in lowering the term of your mortgage which will allow you to pay less interest over the life of your loan, but keep in mind that your monthly principal and interest payment will be significantly higher on shorter terms.

Debt Consolidation:*

Consolidating multiple high interest debts into one loan can make life easier and may potentially save you money by paying down your interest. Having too many bills to manage each month takes a lot of time and effort; by refinancing you may be able to consolidate debt into a single monthly payment. One thing to also keep in mind is that there are costs involved with refinancing which are usually added to the mortgage balance and are spread out over time, do not ignore these costs, they should be calculated in order to make sure that it makes financial sense to refinance your mortgage in order to consolidate your debt.

Cash-Out Refinance:*

With a cash-out refinance you may be able to use the equity in your home in order to gain access to funds for home repairs, home renovations or college tuition. The purpose of this type of loan is to extract equity from your home in the form of cash to use for whatever you may need it for.

*As a result of refinancing, your total finance charges may be higher over the life of the loan. All applications are subject to credit, property and income approval. This is not a commitment to lend. Loan products are subject to change and may not be available in all cities or states. Speak to a licensed loan officer for more details about available loan products and full eligibility requirements.

68 S. Service Road, Suite 340, Melville, NY 11747

Disclaimer:

*All loans are subject to credit, income, appraisal and underwriting approval. Programs, rates, terms and conditions are subject to change without notice. This is not a commitment to lend. Additional restrictions and requirements may apply, contact us for full details. **Drive-by appraisals cannot be used for cash-out refinances and are not be available in all areas, additional restrictions and may apply. Contact us for full details.

Licensing: 

Alabama / Arkansas/ Arizona / California – DBO / Colorado / Connecticut / Delaware / District of Columbia / Florida / Georgia / Illinois / Iowa / Indiana / Kansas / Kentucky / Louisiana / Massachusetts / Maine / Maryland / Michigan / Minnesota / Mississippi / Montana / New Hampshire / New Jersey / New Mexico / New York / North Carolina / Nevada / Ohio / Oklahoma / Oregon / Pennsylvania / Puerto Rico / Rhode Island / South Carolina / South Dakota / Tennessee / Texas – SML / Virginia / Washington / Wisconsin / Wyoming. More details about our presence and Licensing: https://www.nmlsconsumeraccess.org/

 

 

“NMBNOW” “Americasa” and “Americasa Home Loans” are registered DBAs of Nationwide Mortgage Bankers, Inc. (“NMB”) 68 S. Service Rd., Suite 400, Melville, NY 11747 | (833) 700-8884. “Americasa” is not a DBA approved in New York but “Americasa Home Loans” is.  NMB is registered with the Nationwide Mortgage Licensing System NMLS # 819382. DBA NMB Home Loans Inc. in AL, AZ, FL, GA, IL, IA, KS, LA, MN, MT, OK, PA, SC, SD and TX. DBA NMB Home Loans in MA. NJ Residential Mortgage Lender Lic. #819382; NYS Department of Financial Services #LMBC 109667 HUD Approved Title II Supervised Lender #3113200005. AL Lic. # 22591; AZ Lic. # 0949651; 0950066; 0950644; 1000790; 1002506; 1003401; AR Lic. # 116238; CA Lic. # 60DBO73939; CO Lic. # 819382; CT Lic. # ML-819382; DE Lic. # 026151; DC Lic. # MLB819382; FL Lic. # MLD713; GA Lic. # 59112; IL Lic. # MB.6761339; IN Lic. # 819382; IA Lic. # 2019-0084; 2020-0015; 2020-0016; KS Lic. # MC.0025585; KY Lic. # MC700868; LA Lic. # 819382; ME Lic. # 819382; MD Lic. # 22830; MA Lic. # ML819382; MI Lic. # FL0022396; SR0022351; MN Lic. #MN-MO-819382; MN-MO-819382.1; MN-MO-819382.2; MN-MO-819382.3; MN-MO-819382.4; MN-MO-819382.5; MS Lic. # 819382; MT Lic. # 819382; NV Lic. # 4969; NH Lic. # 22702-MB; NM Lic. # 819382; NC Lic. # L-177277; OH Lic. # RM.804328.000; OK Lic. # ML011914; ML011915; ML012106; ML012342; ML012414; ML012454; OR Lic. # ML-5673; PA Lic. # 36743; RI Lic. # 20193735LL; 20193825LB; SC Lic. # MLS – 819382; MLS - 819382 OTN #1; OTN #2; OTN #3; OTN #4; SD Lic. # ML.05278; TN Lic. # 155902; TX SML # 819382; VA Lic. # MC-6834; WA Lic. # CL-819382; WI Lic. # 819382BA; 819382BR; WY Lic. # 3358. Nationwide Mortgage Bankers, NMBNow, NMB Home Loans Inc, NMB Home Loans, Americasa & Americasa Home Loans are not acting on behalf of or at the direction of HUD/FHA or the Federal Government. NMB is in no way affiliated with “Nationwide Mutual Insurance Company.” Nationwide Mortgage Bankers, Inc is an Equal Housing Lender. For all licensing information please visit https://www.nmlsconsumeraccess.org

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