Refinancing
Whether you’re looking to refinance for a lower interest rate, consolidating high-interest debt, pay off your mortgage faster, or need to access equity for any number of reasons, ZABE Mortgage is here to help you develop a smart strategy to achieve your homeownership goals. Learn more about our process and loan programs below.
Why Refinance Your Home?
Some reasons for refinancing include:
- Refinancing at a lower interest rate to lower your monthly payment
- Converting an adjustable rate mortgage (ARM) to a fixed-rate loan
- Consolidating high-interest debt (credit cards, student loans, judgments, tax liens) by using the equity in your home to obtain cash
- Refinancing to a shorter loan term to pay off your mortgage faster
- Refinancing to a longer loan term to reduce your monthly payments
- Eliminate or reduce the Private Mortgage Insurance (PMI)
- Remove co-borrower(s)
Smart Refinancing
The ZABE Way
Our clients know that we won’t close a refinance before we’re confident they have the smartest financial decisions. Though the process for refinancing is similar to when you purchased your home, it’s best to know what to expect. See our process below.
1. Discovery Consultation
Through Discovery, we get a better understanding of short/long terms goals and current loan terms. What are you looking to accomplish by refinancing? Are you ready to refinance, or do you need advice/game plan to be ready?
Smart Tip! Avoid opening new credit accounts, buying a car, making late payments on existing credit accounts, or making any large purchases before escrow closes. Consult your Loan Advisor before making any financial decisions.
2. Verification Process
At this stage, we extensively evaluate and verify your credit history, employment, income, and property details. This allows us to uncover pertinent information that may improve your loan options and identify and address potential issues affecting loan approval or that can cause delays during the escrow process. The Verification Process generally takes 1-4 business days or fewer, depending on the employer(s)’ response time. As a result, we can develop the best refinance strategy.
3. Loan Process and Closing
Your Loan Advisor and Loan Coordinator will work together with you, providing a smooth and efficient experience. You’ll be kept in the loop about what comes next, and we’ll update you throughout every stage, all the way until the closing of your refinance.
Smart Tip! Through clear communication, teamwork, and timely responses from all involved, we can guarantee a seamless process and remain on track to close escrow as planned.
4. Continued Support & Guidance
Our dedication to you is unwavering. We believe that our relationship extends beyond the closing of your refinance. Our “Homeownership by Design” philosophy is about helping you and your family optimize your existing property to build wealth and reach your aspirations. With our ongoing support, guidance, and expertise, you can rely on us to help you secure your family’s future and fully maximize the potential of your real estate investment.
Smart Tip! Always reach out to your Loan Advisor first if you’re considering buying a new home, acquiring an investment property, selling real estate, or looking to refinance a current property.
Refinance Loan Options
ZABE Mortgage offers many types of refinancing loan programs. The type of loan you choose will depend on your reason for refinancing.
Are You Really Ready To Get Started?
Here is a video to help you answer this question. If at the end of this video you feel like you have answered “Yes” to all of the questions, fill out the form below or give us a call today at (559) 664-1930.
