• Michael Belfor

Smart Refinance Tips During The Pandemic

You may be considering taking advantage of these historic low interest rates by refinancing your mortgage to lower your monthly payment, consolidate debt, save years of payments, or pull cash out for a cushion.

The Mortgage Industry is doing an excellent job of processing transactions under shelter in place. But it’s more important than ever to help the process along by being well prepared. Here are a few tips to help your transaction move ahead more smoothly and help you save money more quickly:

- Continue making regular mortgage payments during the process

- Do not take on any new debts

- If your income or employment changes during the process, notify your lender right away

- Know that the appraiser may have to come into your home, so be prepared for this

- And most importantly, quickly respond with all documentation that is being requested of you

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Belfor Team/American Pacific Mortgage - 845 Olive Avenue Suite 208 - Novato - CA 94945. NMLS 398359.

                © 2020 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Licensed by the Dept. of Business Oversight under the CRMLA. CA DRE #01215943. NMLS 1850. Equal Housing Opportunity.