Andre and Morgan have been a little careless with their spending habits over their last few years, and accumulated a good chunk of high-interest credit card debts. They both have well-paying jobs but their credit scores are below average due to high debt load.
We got our clients a great deal that increased their mortgage amount at their existing rate, which consolidated all of their existing high-interest debts into 1 low monthly payment. Our clients were very happy that their monthly cash flow increased immediately. and their credit scores started to increase within 60 days.
|Mortgage Interest Rate:||3.19%|
|Mortgage Balance, Before:||$357,000|
|Mortgage Balance, Current:||$440,000|
|Mortgage + Credit Card Payment, Before:||$1,034 + $710/month|
|Mortgage Payment, Current:||$1,357/month|
|Mortgage Terms, Current:||Adjustable, 2 Year|
Rate and Term Refinancing
Sandeep and Tracey got their current mortgage 3 years ago, when Tracey was working part-time and their credit scores were less than stellar. Since then, Sandeep has gotten a new job with higher pay, and Tracey has moved into full-time. They now want to refinance to get better rates and terms with their improved situation.
Our clients wanted help from mortgage professionals. Our team was able to shop around and negotiate on their behalf, and got them the best rate and terms available on the market. We were able to save them thousands in mortgage payments per year.
|Interest Rate, Before:||5.99%|
|Interest Rate, Current:||2.73%|
|Mortgage Payment, Before:||$1,238/month|
|Mortgage Payment, Current:||$889/month|
|Mortgage Term, Current:||Fixed, 5 Years|