909-921-4206

    Its a good idea to refinance
    when...

  • You will lower your monthly
    payments by reducing the
     interest rate and/ or the loan terms.

  • You will get the cash you need to
    start a new business,
    buy a second home, fund your
    kids   college, remodel your home
    adding value to it, pay off all those
    high interest credit cards,
    consolidate your bills and/or avoid
    bankruptcy

  • Remove co-signers from the loan.

  • You have an emergency and have
    enough equity to
    borrow money on your home rather
    than using your high
    interest credit cards (don't forget
    that in most cases the
    interest you pay on your home is
    tax deductible!)*

  • You have an adjustable (variable)
    interest rate that is
    about to go up and you want to get
    a fixed rate instead or
    a new low ARM rate.

  • You are getting divorced.
    Sometimes is more convenient
     for one of the spouses to refinance,
     give the other spouse
    his/her fair share of the equity
    and     keep the house, specially
    when there are children involved,
    it's less
    stressful for them to stay in the
    same home.

  • You have a negative amortization
    type of loan and you are losing
    your home equity. (you should
    always prefer to make "interest
    only" payments instead of
    "minimum payments" with negative
    amortization)
CGHomeLoans.com
* Please consult with
your tax preparer or CPA
for all tax-related
questions.
909-921-4206
909-921-4206
I don't want to refinance
but I want to save money
in interest and pay off
my home sooner. What
should I do?
-- Join our bi-weekly
Plan!

    You should not refinance
    when...

  • You will use that money on a
    vacation trip or just to go on
    a shopping spree and your
    monthly payment will be        
    higher  than before.

  • Your FICO score is low (bad credit)
    and you won't get the
    low interest rate you want. You    
    will perhaps get your loan
    approved but in most cases the
    terms of the loan won't be
    favorable to you.

  • Your home doesn't have enough
    equity and you will have
    to borrow over the value of it. (In
    this case you need to
    evaluate carefully whether or not
    you must refinance)

  • You are planning to sell your home
    within the next 6 months.   


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Everybody is talking about refinancing their home loan, but is it good for you?
Here find good reasons why you should
or you should not refinance at this time:
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