Sometimes the Best Mortgage Is the One You Already Have

October 20, 2021

Mortgage rates are low and you are ready to refinance. What if I told you that sometimes the best mortgage you can get is the one you already have? If you are not asking the right questions and working with a certified mortgage advisor, it could be costing you a lot of money. 
 

Consider Your Family’s Life Plans Prior to Refinancing

While refinancing may be the perfect solution, you need to take the time to consider your family’s life plans before refinancing your mortgage loan. Here are several questions to ask yourself:
 
  1. Do you see yourself moving within the next three years (relocation due to job/career, moving to be closer to family, or downsizing)?
  2. Are you looking to make any home improvements (kitchen or bathroom remodels, adding more space, or re-landscaping your yard)?
  3. Do you see a future need to access equity from your home (college/education tuition, funding a new business opportunity, or taking care of aging parents)?
  4. Are there any foreseeable significant changes in your income level and/or financial obligations? (sizable raise/promotion, retirement, or large purchases like a car, second home, new business)
As you can see, there are many factors to consider when refinancing besides just getting a new lower rate. It is easy to get overwhelmed. The GOOD NEWS- you don’t need to tackle this alone. Your dreams are not one-size-fits-all, your loan shouldn’t be either.

Revival Lending – Certified Mortgage Advisors

At Revival Lending, we are certified mortgage advisors (CFAs). We will work to design a customized loan to facilitate your goals. At times, that means advising our clients not to refinance, because sometimes the best mortgage you can get is the one you already have. We think through all the options with your best interest at heart. Revival Lending wants to earn your business over a lifetime and not just through a one-time transaction. Our CFAs take the time to truly understand your goals, and help you map out a plan to reach them. Call or email us to schedule a complimentary mortgage review today. I promise you will not be disappointed.

Call or DM to schedule a complimentary mortgage review today. I promise you will not be disappointed.
(714) 257-5284

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