Loan modification delayed or denied? Live in Southern California? Contact The Law Offices of Rhett T. Francisco NOWWE SUE banks. WE DON'T ASK the banks to help, WE DEMAND IT. Click Stop California Foreclosure
The Mortgage Modification Guide

Refinance Your Mortgage?

There are many benefits to a mortgage modification, but in some instances a refinancing your mortgage may be a better option. The main difference between modifying your mortgage and refinancing your mortgage is the method that is used to get a new mortgage. In a modification the terms of an existing mortgage are modified and if you use a company to do this there is normally a cash charge. With refinancing a new loan is made to pay of an existing loan on the same object and the costs come out of your home equity(your house worth). In this case it will be your house.

Act now and find out if you might be eligible
for a mortgage payment modification.

What can Refinancing do?

Refinancing a mortgage can do a lot of things. You can go from an adjustable rate mortgage(ARM) to a fixed rate, you can lower your interest rate, reduce your principal. shorten or extend the length of your mortgage term. You can also do what is called "cash-out" refinancing where you can refinance for a higher principal balance and take the extra funds as essentially spending(investing) money.

Is Refinancing for me?

There is only one real way to tell and that is to contact a mortgage agent which you can do by calling the number at the top of the screen or to the left or filling out the mortgage refinance and modification application on the left hand side of the page.


Continued: What is a mortgage modification?

Bookmark and Share