To Meet Your Goals
Mortgage refinancing lets you save money or tap equity. Set your home refinance goal, then compare rates and fees.
When And Why You Should
Refinance A Home?
Reduce Your Monthly Payment
Lower My Payment
Start Using My Equity
Pay Off Your
Shorten My Term
The Best Time to Refinance
To know if it’s the right time to refinance, first determine how long you plan to stay in your home, consider your financial goals and know your credit score. All of these things, along with current refinance interest rates, should play a role in your decision about whether — and when — to refinance. Refinancing a mortgage involves taking out a new loan, typically with better terms, in order to pay off an existing loan. People typically choose to refinance when interest rates decrease or if they have an adjustable-rate loan that is higher than available rates. If you are considering refinancing a mortgage, it is a good idea first to calculate how much it can change your payment.
When you work with NorthPort, you’ll receive prompt, personal service that enhances your borrowing experience. We provide real-time updates & market data, that keeps you updated every step of the way, creating a simple and transparent experience. With NorthPort, you can expect a high touch and high-tech experience. Our Instant Prequalify Technology allows you to see if you are qualified to buy a home without affecting your credit score. We have built a business that is recognized for integrity, excellent service and efficient processes.
Knowledge Is Power
What Is Cash-Out Mortgage Refinancing?
Cash-out refinancing replaces your current home loan with a bigger mortgage, allowing you to take advantage of the equity you’ve built up in your home and access the difference between the two mortgages (your current one and the new one) in cash. The cash can go towards virtually any purpose, such as home remodeling, consolidating high-interest debt or other financial goals.
Are Interest Rates On The Rise?
It was a wild year in 2020 for the mortgage industry, with rates hitting record lows on more than one occasion. But if you haven’t already refinanced your mortgage or bought a home, past interest rates aren’t as important as what they’re going to be in the future. While no one has a crystal ball when it comes to predicting mortgage rate trends, the general consensus of the experts we talked to is that it’s likely rates will inch upward in 2021. And is exactly what has been happening. Join the loan experts at NorthPort Funding as hey examine these RISING rates and what it means for you as a consumer.
How Can I Eliminate All The Extra Mortgage Fees?
NorthPort Funding set out to streamline the mortgage process. Naturally, the first step was to remove unnecessary fees. We’ve removed: ❌ Application fees ❌ Underwriting fees ❌ Junk fees that are customarily in real estate transactions All this was done to benefit YOU. With Big Banks taking as LONG as 120 days to complete a refinance, NorthPort Funding will look to close you loan in 20 days or less with NO FEES.
Are 2nd Home Purchases About To Get More Expensive?
Fannie Mae and Freddie Mac are making it tougher and more expensive to get an investment property mortgage or one for a vacation home. The changes, however, don’t affect mortgages already agreed and locked. But others who were planning to buy a second home with a conforming mortgage will likely encounter higher costs and possibly stricter requirements. The new rules start on April 1. Learn about what this can mean for you with the loan experts at NorthPort Funding.