New Breed Autoresponder
  Avoid Over Affiliating
  Banner Advertising
  Budget Marketing
  Building Affiliate Income
  Business News
  Customer Service
  Do Your Customer Forget
  Hit Exchanges
  Holiday Action
  Internet Home Business
  Internet Marketing
  Is an ARM Loan Right
  Meat and Potatoes
  Merchant Cardholder
  Meta Tags
  Natural Search
  Pay for Inclusion
  Reality Check
  Search Engine Optimization
  Search Engine Paralysis
  Search Engine Myths
  Selling Tactics
  Seven Collection Tips
  Should you Refinance
  Spam Mail
  Spam Solutions
  Trustworthy Web Site
  Verizon Warns Consumers
  What Size Mortgage
  What to sell on the Internet
  Where is Advertising Going
  Why a Real Estae Appraisal
  Your Mortgage Application
  Your Mortgage Loan APR
  Your Rights as a Borrower


Should You Refinance
Your Mortgage Loan

Will Refinancing my Mortgage
Lower my Monthly Payments

Lower interest rates may decrease your monthly payments on your home mortgage and other consumer debt. Your mortgage professional can help you evaluate your existing mortgage and show you the amount you may save with a new home mortgage.

Whether or not you can save money depends on the terms of your existing mortgage loan and other loans. Many homeowners save quite a lot of money on a monthly basis, or over the life of their loan, by refinancing a mere 1% below their existing rate. Again, it all depends on the terms of your existing loans.

There are three ways to save money on refinancing your loans with a new home mortgage.

Interest on your mortgage: Interest is the amount of money above the amount you borrow for the use of your borrowed funds. If you lower this rate over the same life of the loan you will save money on the cost of your mortgage

Interest on your other installment loans: If your existing mortgage is less than the current value of your home, you may be able to bundle other loans such as credit cards, car loans, and other consumer debt into your home mortgage. This could cut the interest rate you pay on these balances by as much as 50%

Your federal and state income taxes: For most home mortgage loans, the interest you pay is deductible on both federal and state income taxes. However, most interest on all other personal loans such as auto and consumer debt is not deductible. By consolidating your other loans into a home loan, you may save on taxes equal to 20 to 40 percent of your interest payments, depending on your tax bracket.

How can I Estimate my Monthly Savings

Your mortgage professional will work with you for an accurate and thorough analysis.

Your loan officer will be your guide through the refinancing process, from application to the final funding of the loan. The loan officer will answer questions you may have, keep you adviced of your loan's status, and help you organize any final information required for your new mortgage loan.

Credit Repair Information   Legal Help

Mortgage Broker Professionals get your Forms and Supplies here

Checks and Forms Reseller Program
check and forms program
Checks and Forms Reseller Program


legal help  EGPSite  EGPShop  EGPCatalog  EGPWeb  EGPChecks  site map
computers and electronics  EGP Video  egp ink  EGP Business Solutions  international professional services directory

All trademarks are the property of their respective owners. 1993 -  ©Delta Technologies All rights reserved.

hosting by