Residential Refinancing

With residential refinancing, you may wish to consider how much debt to refinance, and whether it is better to refinance the existing loan or to add a second-mortgage.

At Executive Financial Solutions, you can take advantage of our experience and expertise to obtain the financing solution that is perfectly suited to your specific needs.  Furthermore, we are here to provide you with the answers to your refinancing questions and concerns. 

When prevailing interest rates are at least a percent or more below your current mortgage rate, refiancing your home mortgage may save you money every month, and allow you to lock in lower interest rates. Also, you may shorten the time you need to pay back the loan while also lowering your monthly payment.

If you know you'll be moving within five years then it may not make sense to take a 30-year loan.  Instead, you may be able to obtain a mortgage with a shorter duration at much better rates and terms.

If you have adequate equity in your home, you may also be able to lower your total monthly debt burden if you bundle your other loan balances, such as auto and consumer loans, in the refinance in order to consolidate your debt.   

Since you are aware of your needs and requirements, please call us at 503-705-9283 to determine how Executive Financial Solutions can contribute to improving your bottom line.  Thank you for the opportunity to assist you.