Why on earth would anyone even think of refinancing their mortgage around the holidays? Believe it or not there are a lot of reasons why now is the perfect time to refinance!

New home purchases have slowed down with the kids settled back in school, and the holidays on the way. In the Northeast, the upcoming weather makes viewing properties uncomfortable and difficult. These are the cyclical fluctuations that correspond to seasonal changes that take place every year. The real estate market will heat back up in the Spring just like it does every year.

For homeowners that aren’t planning to move now is a good time to look at finances. Did I mention the holidays? If you overspent on credit cards or maybe need a tropical vacation it is a great time to cash in on the equity in your home. It is your money! A cash out refinance at Mortgage Equity Partners can be done in no time, and you will have your money and a new lower rate before next month’s credit card bill arrives.

But seriously, there are lot of significant reasons to think about a refinance, and what you might be able to do with the equity in your home.

Home values have risen dramatically due to the lack of inventory in the housing market. As a result, the value of your home has probably risen too. Rates are still extremely low. According to BankRate.com the interest rate on a 30-year fixed rate loan in October, 1981 was 18.5%. Today, rates are in the 3’s and 4’s depending on your personal financial situation.

With Mortgage Equity Partners Fast Track Underwriting Program all you need to do is apply for a loan with one of our talented loan officers and provide the required documents, (but you really do have to provide all the required documents). The loan will go directly to underwriting and we guarantee a 3-day turn around. The loan will be subject to the appraisal and other property information, but you can sleep well knowing that the basics of the loan approval process have been completed.

The Mortgage Equity Partners Difference

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