Georgia Mortgage Loan Refinance

Mortgage Loans – One-Dollar Mortgage Closing Fee For Borrowers Announced

Along with today’s historically low rates, home buyers and homeowners have an additional money-saving opportunity. Leading mortgage lender New Penn Financial, LLC has implemented a one-dollar closing deal that is available now and will be offered for a limited time.

Along with today’s historically low rates, home buyers and homeowners have an additional money-saving opportunity. Leading mortgage lender New Penn Financial, LLC has implemented a one-dollar closing deal that is available now and will be offered for a limited time.

Approved borrowers pay just one dollar in closing costs, potentially saving themselves thousands of dollars. All fees associated with a mortgage closing have been eliminated, such as those for origination, underwriting, title insurance and appraisal. There are no points or hidden fees, either.

As part of the program, the company is also offering competitive fixed rates as low as a 4.25% (4.25% APR)*.

New Penn’s President and CEO, Jerry Schiano, said, “This promotion couldn’t come at a better time for many consumers who can now avoid upfront costs and still have a monthly payment that they can afford. Response to the program, which we just launched, has been strong. And response is coming from refinance customers, too, many of whom are paying down mortgages above 5 percent. We can definitely save them money.”

New Penn was founded in 2008 on the idea of combining low mortgage rates with exceptional customer service. The one-dollar closing deal is in keeping with the company’s brand promise.

About New Penn Financial: New Penn Financial, LLC is a leading nationwide lender that serves diverse consumers with a customer-focused, responsive and reliable lending approach. Providing borrowers with expertise and personal attention, the company offers some of the lowest mortgage rates available on a full suite of products and programs, which include fixed-rate loans, adjustable rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. Founded in 2008, New Penn is headquartered in Plymouth Meeting, Pennsylvania and operates regional offices across the country. The company is licensed to operate in 43 states. More information is available at  http://www.newpennfinancial.com and on social media sites:  http://www.twitter.com/newpennllc and http://www.facebook.com/newpennfinancial .

Important disclosures: *For first mortgage 15-year term fixed rate only. FICO > 700 and Loan Amount > $150k. Standard loan-to-values apply. Taxes and insurance escrow and daily interest are not included. Interest rate may be higher than that of other loan programs. Appraisal fee refunded at closing. Rates subject to change daily. Offer not available for NY borrowers. Example: on $200k loan, 180 monthly payments of $1,504.56. Payments don’t include amounts for taxes and insurance. Actual payment obligation will be greater. Equal Housing Lender. Corporate NMLS #3013.

Should I Refinance My Mortgage Loan? | Peachtree City GA Homes

A mortgage refinance is specifically intended to pay off your old Crosby TX mortgage , and a way to have a better interest rate, convert a flexible rate or high interest rate to a low, fixed rate, as well as to allow extension or reduce a mortgage term. However, deciding whether to refinance a mortgage can be difficult and confusing considering the fact that there are lots of mortgage options that exists and the different costs involved in the process.

Do you think you are ready to refinance? If your mortgage terms are better and your cost to borrow is low then you are sure it’s the perfect time for mortgage refinance. Mortgage refinance is basically a second mortgage where a borrower to applies for a new home loan. This second mortgage can pay off the old home loan with their old lender.

It might be hard to know if a mortgage refinance for is worth the financial benefits, but a mortgage refinance results in a lower interest rate that means a lower payment and less interest paid especially if the mortgage is refinanced for a shorter time.

You must first calculate the balance of your existing loan if you are considering refinancing your mortgage payments. There are available sources online on how to calculate and determine if you really need to refinance your mortgage. And if you are way behind your payments, you have to know that you are eligible for a Home Affordable Modification Program, or HAMP. To qualify, contact your mortgage company about how you are going to modify your loan through HAMP. Since borrowers who have skipped payments on their mortgage are ineligible for FHA’s other rate and term or cash-out refinance options, you need to contact your lender to pre-qualify for the FHA streamline refinance especially if you have an FHA-insured mortgage.

If you can’t refinance your current mortgage with your lender or another lending company, seek advice from your real estate agent or Realtor for options. Beware of foreclosure rescue scams that will just put you way down your mortgage payments instead of recovering from your missed payments.

Learn more about mortgage refinance. Find out how you can qualify for refinancing North Carolina Real Estate .

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