Refinance Your Home...

There are many reasons to refinance your home. At Seattle Premier Mortgage we'll quickly walk you through the steps to refinance your mortgage at a best possible rate.

When you refinance you pay off your existing mortgage with the proceeds from a new loan. Some advantages:

• Lower your monthly payments Many homeowners consider refinancing as interest rates drop. Lowering your interest rate can reduce your monthly mortgage payments.   • Pay off your mortgage faster Refinancing to a shorter mortgage term allows you to build your home equity faster. You could save thousands of dollars in interest charges over the life of your loan.   • Take cash out of your property You may be able to refinance your first mortgage for more than what you currently owe, allowing you to take cash out of your property.   • Borrow against the equity in your home Mortgage interest rates are often less than other consumer loans and are usually tax deductible. Contact your tax advisor for more information about deductibility.

Refinancing comes with many of the same costs as your initial mortgage. We will work hard to find you a lender with minimum refinancing cost and rates.

Calculator: How much interest can I save if I refinance?

You have many of the same options you had when you applied for your current mortgage, and a few others. Again, you'll have two basic options, a fixed-rate mortgage and an adjustable-rate mortgage. Our consultants can help you choose the best mortgage type for you.

We will also compare rates from over 30 different lenders to get you the best rate possible. Please fill out our online application or contact us for more information.

The first smart step in getting a mortgage is to get prequalified. Prequalifying tells you how much of a loan you can get before you actually apply. It will also tell you the following:

• The interest rate   • Monthly payment amount   • Down payment amount   • Fees

Seattle Premier Mortgage makes prequalification process simple and quick. Normally, you would need the following information to get started:

• Type of home and property value   • Type of loan you want   • How much down payment you plan to make   • Personal information (name, phone number, address, date of birth)   • Employment history   • Social Security number   • Financial information (monthly income, current debts, assets)

The next step is to formally apply for a loan. Lenders usually ask you to provide:

• W2 forms for the past two years   • At least a month's worth of pay stubs   • Bank statements covering the past three months

Calculator: What is the amortization of my mortgage?
Calculator: Should I prepay my mortgage or invest?

At Seattle Premier Mortgage we have insight into the workings of a bank, and have suggestions and tips to make a process of getting a loan as seamless as possible. We will and work hard to speed up your application, and to ensure you get all the advantages you are entitled to. Please fill out our short online application to receive more information.