WHY REFINANCE?

• Lower your interest rate
• Remove PMI from your FHA loan
• Lower your monthly payment*
• Pay off your mortgage faster
• Settle higher-interest debt by using your equity to get cash
• Switch your adjustable-rate mortgage to a fixed-rate mortgage
• Bear in mind, refinancing may increase your total financing charges over the life of the loan.

THERE ARE TWO TYPES OF REFINANCING OPTIONS:

1. Rate and Term Refinance (no cash out is allowed)

This refinancing option allows you to alter the rate or term of your mortgage.

You can use this option to transition to a shorter-term loan, lower your interest rate, or in some cases, achieve both.

For instance, If you initiated your loan 4 years ago, with a 30-year mortgage, under standard repayment, you will have 26 years remaining before your mortgage is paid off. With rate and term refinance, you can switch to a 20-year or 15-year term and pay off your mortgage much faster, potentially saving you thousands of dollars in interest payments.

2. Cash-Out Refinance (cash out is allowed)

A cash-out refinance enables you to access your equity so that you can use the funds to:

• Settle tax liens
• Consolidate debt
• Pay for tuition
• Combine a first and second mortgage
• Finance a large purchase
• Make home improvement

YOUR MORTGAGE BROKER FOR LIFE.

My mission extends beyond merely providing the ideal home loan that aligns with my clients' financial situations. I aim to help educate my clients on specific mortgage products, current issues, and industry trends. I understand that securing a mortgage can be complex, and that's where I come in - to simplify the process and guide my clients towards the best home loan, allowing them to focus on saving money, settling into their new home, and building equity and credit.

I'm available to answer any inquiries, from the basics on interest rates and insurance to more complex topics like sellers' concessions and new housing legislation. Feel free to reach out with any additional mortgage-related questions. I'm always here to help.

Jason Brown, Loan Originator
SR DRE #011906676 | NMLS #270050
C: (925) 785-4200
E: [email protected]

Licensed in Idaho, California and Texas