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CALL NOW____________1 (800) 270-2928
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GOVERNMENT
Mortgage Relief
Programs
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Considering Your Options |
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| When your ARM is about to adjust, you have several choices: |
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| Remaining with your existing loan. A higher monthly payment may be troubling. But before you try to lower your payment by refinancing, be sure that you’re considering all the costs and factors involved. Since refinancing typically involves some closing costs, in some cases it might be less costly to accept the payment change and remain with your current loan. |
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| For example, some people select an ARM because they expect to move or refinance before the initial fixed-rate term expires. If you don’t expect to be in your home much longer, compare the costs of refinancing against the monthly payments on your ARM for the amount of time you expect to be in your home. |
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To determine the monthly payment at your ARM’s new interest rate, use our monthly payment calculator. If you want to know how long it would take to recover the costs of refinancing at a new rate,
CALL NOW 1 (800) 270-2928 |
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Refinancing to get a fixed-rate loan. If you’ve determined that refinancing makes financial sense, you might want to consider the advantages of a fixed-rate mortgage. With a fixed-rate loan, you gain:
• Protection from rising interest rates
• The security and predictability of fixed monthly payments for the entire term of the loan
• Faster equity growth
Government Mortgage Relief provides a variety of fixed-rate options, with longer terms offering lower monthly payments, and shorter terms providing faster equity growth and lower interest costs. We offer a choice of loan terms; learn more about our fixed-rate loans or contact us for assistance from a home mortgage consultant. |
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Refinance with a new adjustable-rate mortgage. If you think you may want to sell or refinance in a few years, selecting another ARM may be appropriate. You’ll benefit from lower monthly payments during the initial fixed-rate period. Government Mortgage Relief offers a variety of adjustable-rate loans along with a
3, 5, 7, and 10 year fixed
• Try to match the amount of time that you think you’ll own your home with the ARM’s initial fixed-rate period. Government Mortgage Relief offers ARMs that offer initial fixed-rate periods of three, five, seven and 10 years.
• If you’re an existing Government Mortgage Relief customer, you may qualify for our streamlined online refinance program that offers lower costs, quick approval, faster processing, and radically reduced documentation requirements. |
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