Mortgage Refinancing Rates & Options

Why Refinance Your Mortgage?

There are many reasons to refinance your mortgage. Divorce often requires removal of one of the spouse from the note. A refi will accomplish this.

Cash out refinance– Consolidate debt, do those home improvements, get cash for needed expenses. Home equity lines (HELOCS) are no longer tax deductible* so it makes sense to refinance both the first mortgage and the Home Equity Loan into ONE fixed rate, fixed term, mortgage to get all the benefits. Remember, Home Equity Lines may start of cheap with an interest only payment for a few years, BUT the adjust with Prime and will soon require a Principal PLUS Interest payment that might shock your finances!

No Cash out Refinance–  Often referred to as a “rate Term refi” can often be done to cut the rate and redce the term of the loan to pay it off quicker. Often, there is no appraisal required to close a rate term refinance.

Most Adjustable Rate Mortgages (ARMs) are history…but…there’s still many out there that need refinancing to a permanent fixed rate.

When to Refinance Your Mortgage?

We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, feel free to give us a call or send us an email. New South Mortgage can advise you on which mortgage refinancing program meets your needs, and help you refinance with minimal hassle and work.

Working with New South Mortgage

• We put YOU first.

• New South Mortgage offers some of the most competitive rates in the Nation!

• Fast and efficient, we close most of our loans in 30 days or less.

• We offer a variety of loans. New South Mortgage can help you find the loan that is right for you!!!