hero-simple

Refinancing
A HOME

Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt. When you close on your mortgage loan, you’re not stuck with the same one forever! Many homeowners refinance their mortgage at some point during the life of the loan (even more than once), for a number of different reasons that put them in a better financial position.

Get started
text-columns

Benefits:

  • Reduce your interest rate and monthly payments*
  • Eliminate or reduce your monthly PMI
  • Accelerate your equity and pay off your loan faster
  • Roll your 1st and 2nd lien into one low fixed rate loan
  • Transition into a Reverse Mortgage loan

&

  • Reduce your interest rate and monthly payments*
  • Eliminate or reduce your monthly PMI
  • Accelerate your equity and pay off your loan faster
  • Roll your 1st and 2nd lien into one low fixed rate loan
  • Transition into a Reverse Mortgage loan

To Refinance You’ll Need:

  • Property Appraisal
  • Employment Verification
  • Income Verification (if not a Streamline Refinance)
  • Asset Verification (only if needed)
  • Driver’s License
text-calculator
Calculate

CALCULATOR

How much will my payments be?

Your payment will vary depending on how much you will be borrowing, the interest rate, and the length of your loan. Other factors also need to be taken into consideration, such as your taxes, your insurance, and your PMI, all of which are included in your monthly house payment. Even the value of your home will affect your payment.

Just as an example, let’s say you are borrowing $250,000.00 for 30 years with an interest rate of 5.875%. If the value of your home is $300,000.00, your property taxes $3,000.00 per year and your insurance is $1,500.00 per year, you can expect to be making a total payment of $1,958.01. This is because you need to pay $1,478.84 toward the actual loan, plus $250.00 for real estate taxes and $125.00 toward insurance.

Since your loan to value ratio is 83.33%, you will also have to pay PMI for 16 months which will add an extra $104.17 a month. Don’t forget to drop the PMI when the 16 months is complete and you might save yourself some money each month. Canceling your PMI will require a reappraisal of your home in most cases.

Loan Information

Enter the amount of the loan.

($)

Select the term of the loan in years.

(Yrs)

Enter the expected interest rate of the loan.

(%)

Property Information

Enter the sale price or the estimated value of the home.

($)

Taxes and Insurance Information

Enter the expected annual property taxes.

Your Results

Principal + Interest:
Property Taxes:
Homeowners Insurance:
PMI:
Monthly Payment Total
image-content

OVERLINE TEXT

Who We Are?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled.Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled.

 

Learn more
listing-items

OUR VALUES

What we believe

Value 1

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Value 2

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Value 3

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Value 4

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

tabs-text-image

OVERLINE TEXT

Long headline to turn your visitors into users

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right at the coast

Learn more

OVERLINE TEXT

Long headline to turn your visitors into users

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right at the coast

Learn more

OVERLINE TEXT

Long headline to turn your visitors into users

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right at the coast

Learn more

OVERLINE TEXT

Long headline to turn your visitors into users

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right at the coast

Learn more
image-accordion
Solutions

PAVE YOUR OWN PATH

Our Services

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

Separated they live in Bookmarks right at the coast of the famous Semantics, large language ocean Separated they live in Bookmarks right. Separated they live in Bookmarks.

testimonials
Testimonials

What Our Customers Are Saying

Testimonials

What Our Customers Are Saying

/

Everyone we came across at the company made our process a lot less stressful. They answered all our questions and made sure we handed everything that needed to be handed in on time. Thanks!

Paul K. / Homebuyer, NJ

We highly recommend Family First as they are an amazing team, efficient, honest and always available! Not only would I recommend Family First to my clients, I do use them for our family's mortgage needs!

Lisa C. / Real Estate Agent, FL

Great service, very professional. Highly recommended!

Christofer V. / Homebuyer, TX

Expertise, open communication at all times, and complete confidence knowing that my Buyer was wonderfully serviced and their loan would close!

Laure M. / Real Estate Agent, NJ

It was a smooth process from start to finish and I appreciate the time each of them took to answer any questions I may have had with respect to the process, the paperwork, etc. They were all incredibly kind, helpful, and responsive no matter how small the question may have been, and as a first time homebuyer I am very grateful for that.

Jessica S. / Homebuyer, NJ
grid
Our resources

In the news Today

/
Find a Loan Officer