Deal Works, Inc.
Deal Works, Inc.
  • Home
  • First Mortgage Products
  • Refinance
  • HELOC & 2nds
  • Buyer Approval
  • Contact Us
  • More
    • Home
    • First Mortgage Products
    • Refinance
    • HELOC & 2nds
    • Buyer Approval
    • Contact Us
  • Home
  • First Mortgage Products
  • Refinance
  • HELOC & 2nds
  • Buyer Approval
  • Contact Us

REFINANCE

Lower your monthly payments

Lower your monthly payments

Lower your monthly payments

 A rate and term refinance is the most popular type of refinance. It allows you to adjust your interest rate and term length, which is a smart option if you need a lower monthly payment or reduce the total amount of interest owed over the length of your loan. 

Get Cash Out

Lower your monthly payments

Lower your monthly payments

Cash Out Refi - Cash-out refinances are almost exactly what they sound like. Basically, you use refinancing as an opportunity to trade the equity you’ve already built for ready cash.

Debt Consolidation

Lower your monthly payments

Debt Consolidation

Consolidating multiple debts into one easy-to-manage home loan can make life easier and potentially save you money, particularly if other debts feature higher interest rates.

Apply Now

Complete a quick application and we can have your application reviewed and approved in as little as 24 hours.

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Refinance Loans 101

A mortgage loan refinance replaces an existing mortgage with a new one

 Whether interest rates are rising or falling, mortgage loan refinance is common and there are several benefits that homeowners find with refinancing: 


  • Stop Paying Private Mortgage Insurance (PMI) – Refinancing your home could allow you to get rid of your private mortgage insurance. If your home has increased in value or if you have paid enough into your home so that you owe less than 80% of what it’s worth, you can refinance into a new loan and stop paying private mortgage insurance. Eliminating PMI can lower your monthly mortgage payment, which helps you save money.


  • Increase cash flow: Refinancing your home could lower your monthly payment, giving you greater financial flexibility. One of the best benefits to a mortgage refinance is the relief they can bring in terms of your monthly expenses. There's no reason to pay more than you need to, and a lot may have changed since you first got your mortgage; your credit score may have improved, rates may have changed, and your home's value, too. Talking to a lending professional about your home refinance options is a good first step in determining how a mortgage refinance could help you.


  • Pay off debt: Refinancing could allow you to pay off high-interest credit card debt, private loans, auto loans, or other high-interest debt. With a home loan refinance, interest rates are typically lower and it would make more financial sense to use make payments on a mortgage refinance rather than higher interest loans.


  • Getting a better loan: Whether you want to switch from an Adjustable Rate Mortgage to a Fixed Rate Mortgage, or simply wish to lock in a lower rate, a  home loan refinance can provide an opportunity to optimize your mortgage loan.


  • Increase your long-term net worth: A lower interest rate on your mortgage means you’ll save money over the lifetime of the loan. You can use the extra cash to buy real estate for retirement, save for your child’s college fund, or buy a vacation home.


  • Make purchases with less interest: Financing expensive purchases with your home’s equity lets you take advantage of a lower interest rate than what’s typically available on credit cards. You could use a home loan refinance and pay for a wedding, college, or elderly care and potentially save money with the lower home refinance interest.


  • Tax deductible interest: Interest on your home’s mortgage is generally tax deductible. A licensed tax professional could assist you with determining your eligibility for any deductions.

Statewide Funding Inc.

3190 Shelby Street Bldg A2

Ontario, California 91764


Company NMLS: 1105497

California DRE License #: 01939849


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