Hi {first_name},
 
What is the most popular refinancing option? 
 
Rate and Term Refinance
 
As the name implies, it mainly deals with… Rates and Terms.
 
Before I begin, let me add an honest disclaimer: all of the below options can work in your favor, if the mortgage balance is equal or less than the original balance.
 
Here’s how it works in broad strokes…
 
If you have a loan with terms you think are not very attractive, and think you can do better…
 
Or maybe you got your mortgage at a time of economic downturn, which meant a higher interest rate than you would like, and now you think the rates could be better?
 
Or maybe you have an Adjustable Rate Mortgage (ARM) and the initially low and attractive interest rate has ballooned up and become an unbearable burden on your budget?
 
All of the above can be easily fixed with the right refinance deal, done through a good, honest broker…
 
So to summarize, here are some we typically achieve for our clients…
  • Get a better interest rate (interest rates are pretty low and likely will go up soon.)
  • Change from Adjustable Rate Mortgage (ARM) to Fixed Rate (FR) or Vice Versa (hint: be on the lookout for an email in the near future, where I’ll explain when switching back to ARM is a good idea.)
  • Shorten the term
  • Lower monthly payments
Typically, you won’t be able to get any more than $2000 cash back, if using Rate and Term refinance.

If you need to withdraw more money from your mortgage than $2000, then you need to choose Cash Out Refinance.
 
As you might have guessed Cash Out Refinance does exactly what it says it does… :)
 
In the next email, I’ll explain what that could mean for your family in simple terms… but until then, let’s talk a little more about those “Strange Loans” I mentioned in the last email.
 
First in line is:
 
Streamline Refinancing
 
This is offered by the government and with government loans, there are several nice options you can use to your advantage.
 
For example: government loans usually don’t have any early payment penalties (I’ll cover that in detail in another email)
 
And they often offer a “streamline” function… which means that it does wonders for your interest rate with little or no paper cuts - which is nice - but more on that in one of the next emails.
 
Blanket Mortgage
 
This is a loan for more than one property. Usually commercial, but can also be applied for residential property. If you’re buying a home for your child, this might be the one for you. 
 
To find out how you can benefit from one of the options above, ENTER CALENDAR LINK HERE
 
{email_signature} 
 
P.S. Have you heard of the ”four Cs”?
 
They are Credit, Capacity, Capital and Collateral.
 
This is the basis for every single mortgage assessment.

In the next email, I’ll reveal a shockingly simple way to look at them, so you never get confused again.

To unsubscribe from all future emails {unsubscribe}
To update your contact information please {contact_info_update}

This email is sent to {email} by:
{{CompanyName}} {{Address}}