Refinancing Your Mortgage
Shortening your loan term, lowering your monthly payments, replacing your adjustable-rate mortgage, consolidating credit card debt, paying education costs, making home improvements...are all great reasons to refinance your mortgage now with BankersHomeLoan.com

In the 80's, the rule of thumb was that if you could lower your mortgage rate by two points, you should refinance. Today, that advice is considered quick, convenient and often wrong. Refinancing could represent a golden opportunity to put money back in your pocket every month...making that old rule of thumb no longer valid.

First, because interest rates are lower than they were in the 80's, refinancing from 7% to 6% gives you the same proportionate savings as refinancing from 14% to 12%. Also, the costs of originating a loan have fallen. If you are charged very little in points or origination fees, then even a tiny reduction in interest rates warrants refinancing.

One option is to refinance your 30-year mortgage with a 15-year mortgage. It's true that the monthly payment on a 15-year loan is higher than on most other mortgages -it's designed to be paid off in 15 years rather than 30 years. But if rates have fallen enough or your income has risen enough since you took out your original mortgage, the 15-year may now be more affordable for you.

Of course, you can also cut your payments by refinancing with a new 30-year loan! Or if you have an ARM loan (adjustable rate mortgage), you can lock in at today's low interest rates and avoid the risk of rising rates down the road.

Do you want to make improvements to your property? Do you have credit card debt to pay off? Are you buying a business? Do you need to underwrite your child's college education? Cash-out refinancing is the answer! If you bought your home with a high percentage of cash, you can refinance with a larger loan and walk away from the closing table with a fat check!

Don't pay more than you have to ...if you can save thousands and thousands of dollars, you should refinance immediately and take advantage of today's rates... they won't last forever.

Debt Consolidation
What is Debt Consolidation?
If you're finding yourself juggling mortgage payments, credit card payments, car payments, insurance premiums, taxes, and another stack of bills, it's time to consider an BankersHomeLoan.com Debt Consolidation Loan. Our programs offer solutions that will get you back on solid financial ground, even if you're behind on mortgage payments or have past credit problems.

BankersHomeLoan.com has a variety of products to help you consolidate your loans or pay off current debts. We can even reduce your monthly mortgage payments and help you pay off other obligations. Our rates are substantially lower than other finance companies because we focus on the mortgage business.

Cash-Out Refinance
Cashing out refers to the refinancing of a loan where the borrowers will borrow money on their own home. If a home is appraised at $100,000 and the borrower's outstanding mortgage loan is $60,000, it is possible to enter into a 90% cash-out refinance transaction for a loan of $90,000 (90% of $100,000). The new mortgage of $90,000 will pay off the $60,000 loan and leave $30,000 cash-out to the borrowers.

What are the benefits?
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will save on your monthly mortgage payments during the loan. And it's tax-deductible.

How can we help?
If you are looking for this type of refinancing, BankersHomeLoan.com can find a program suited to your financial needs. We offer cash-out programs for Owner-occupied homes, Non-owner occupied homes, and No income verification with low, affordable rates.

No Cost Refinance
Some restrictions may apply depending on loan size please, call 1-877-996-BANK for details. The No Closing Costs interest rates will be higher than those published on the rate sheet. Please, call for rate quotes.

Description
Many people start out with an adjustable rate mortgage because the payments are very low at first. However, if they keep them long enough they can end up paying too much. After an ARM is for 2 or 3 years old, it may be adjusting to as high as 9.0% in today's rate environment. You don't have to accept this rate increase.

Our "No-Cost" program will lower your rate at no cost to you. We pay all of the closing costs such as title fees, appraisal fees, and credit report fees. There are no loan fees or prepayment penalties, and nothing is added to your loan balance. This is a true "can't-lose" situation for you as a homeowner you get the benefits of a lower rate of interest while incurring no costs to refinance. In many cases you can actually tap into the valuable equity that you have accrued on your home by taking "cash-out" in the refinance.