Maximizing Your Investment Potential
What is a Short-Term Refinance Loan?
A Short-Term Refinance Loan is a refinancing option where you replace your existing mortgage with a new loan that has a shorter repayment term, typically ranging from 5 to 15 years. This loan type allows you to reduce the duration of your mortgage while potentially benefiting from lower interest rates and overall interest savings.
Key Features:
Accelerated Repayment: Reduce the length of your mortgage term, allowing you to pay off your loan faster and achieve homeownership freedom sooner.
Lower Interest Rates: Benefit from potentially lower interest rates compared to longer-term mortgages, which can lead to substantial interest savings over the life of the loan.
Increased Equity: Build home equity more quickly due to the shorter loan term and higher principal payments.
Enhanced Financial Stability: Shorter loan terms can help you achieve financial stability and plan for future expenses more effectively.
Flexibility: Choose from various loan terms, typically ranging from 5 to 15 years, based on your financial goals and budget.
Short-Term Refinance Loan Terms:
Loan Amount: Based on your current mortgage balance and property value.
Loan Term: Typically 5 to 15 years, with options for specific terms based on your needs.
Interest Rate: Competitive fixed or adjustable rates determined by your credit profile and market conditions.
Eligibility Requirements: Proof of income, credit history, and ability to repay the new loan.
Additional Costs: Appraisal fees, closing costs, and other associated expenses.
Provides real estate investors with the funds needed for both purchase and renovation.”
