Saver Home Loans

read moreEven though it may seem like it at times, there are not as many loan options as there are applicants! Call us at (800) 974-0509 and we can match you with the refinance loan program that is ideal for your needs. In order to review your options, you need to determine what you want to achieve with your refinance. Is your refinance primarily to lower your rate and monthly payments? In that case, a low, fixed rate loan may be the right loan program for you. Maybe you currently hold a fixed-rate mortgage with a higher rate, or maybe you hold an ARM - adjustable rate mortgage - where the interest rate can vary.

read moreThere's a trick to reduce the repayment period of your mortgage and save thousands in interest: Make additional payments which are applied to the principal. People use different methods to meet this goal. Paying a single extra payment once a year may be the easiest to keep track of. Of course, many folks will not be able to swing this huge additional payment, so splitting a single extra payment into twelve extra monthly payments works as well. Another popular option is to pay half of your payment every other week.

read moreEven if you've not so much as narrowed down houses to view yet, it's important to contact your mortgage pro first. Why? It may be difficult to understand the ways we can help even before you begin to talk about prices and negotiations. We can help you determine how much of a loan you can qualify for and the mortgage payment amount you can afford by getting you pre-qualified. This process outlines your financial situation - your debts, income, career, and down payment money, among other things. We will ask for a minimum amount of paperwork, with a short, basic process.

read moreA fixed-rate loan features the same payment amount for the entire duration of the mortgage. The property taxes and homeowners insurance will go up over time, but for the most part, payment amounts on fixed rate loans don't increase much. You can choose a fixed-rate loan in order to lock in a low interest rate. Borrowers select these types of loans because interest rates are low and they wish to lock in at the lower rate. If you have an Adjustable Rate Mortgage (ARM) now, refinancing with a fixed-rate loan can offer greater stability in monthly payments.

read moreShould you consider financing closing costs, escrow reserves, or other cash needed at closing? If you've built up some equity in your home, when you refinance, you may be able to "cash out" some of that equity to pay off credit cards or other revolving debt, improve your home, help pay for college, or anything else you can think of. The same is true of refinancing costs: If you have enough equity in your home, you may be able to roll some of the cash due at closing into your loan. Some of the "cash needed to close" as it's sometimes called includes settlement costs and fees, prepaid interest, escrow reserves, state or local government charges, or even extra funds needed to pay off your existing mortgage.

read moreAnything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure. Here is a list of the information mortgage lenders will use to consider your loan application. Two years tax returns, profit and loss statements, both company and personal if separate.

read moreA rate "lock" or "commitment" is a lender's promise to freeze a specific interest rate and a certain number of points for you for a certain period while your application is processed. This keeps you from getting through your whole application process and finding out at the end that your interest rate has risen higher. Rate lock periods can vary in length, between 15 to 60 days, with the longer ones generally costing more. There are more ways to get a low rate, besides going with a shorter rate lock period.

read moreEven if you're unsure of how long you plan to keep your mortgage before you move or refinance, paying points now for a lower rate may make sense. For example, do you have a high-paying job now but you think you might change careers in the next few years? We can help you sort it out. It's part of our finding the right loan for your means and goals. A point -- which equals one percent (1%) of the total loan amount -- is an up-front fee that lowers your monthly interest rate and total interest due over the life of the loan.