
When And Why You Should Refinance A Home
Reduce Your Monthly Payment
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.
Refinance Basics

What You Need For Closing
Finalizing your mortgage is perhaps the most crucial step in the home-buying process. It’s important to be prepared for pre-closing and closing, so you know what to expect. The lenders here at Northport Funding have decades of experience and serve as your trusted advisor throughout the entire process. Our goal is to ensure that you feel completely comfortable with each step. Here is an outline of what to expect at closing.

What's Your Mortgage Type
Choosing among the different types of mortgage loans isn’t all that painful if you know the lingo. Choosing a mortgage program often comes to a choice between these two mortgage types: FHA or Conventional? Both are good options, but mortgages are a bit like power tools, you want to choose the one that is right for the job.

What To Expect During Underwriting
Did you know that your finances go through a process called underwriting before you can officially get a mortgage? Underwriting is a crucial component of the home loan process because you can’t get to closing until your lender's team completes the underwriting for your mortgage. Let’s dive in and learn more about the underwriting process.
Why NorthPort?
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.