Why Refinance into a Conventional Loan?

Lower Interest Rates: Conventional loans often come with competitive interest rates, providing the potential for significant long-term savings on your mortgage.

Reduced Monthly Payments:By refinancing to a conventional loan, you may enjoy lower monthly payments, freeing up valuable resources for other financial goals.

Eliminate Mortgage Insurance: Conventional loans typically require less private mortgage insurance (PMI) compared to other loan types. Refinancing could help you rid yourself of this additional cost.

Flexible Terms:Tailor your loan terms to better fit your financial situation. Whether you want to shorten the term for faster equity building or extend it for more manageable monthly payments, conventional loans offer flexibility.

Should You Refinance?

Improved Credit Score:If your credit score has significantly improved since your initial mortgage, refinancing to a conventional loan could qualify you for better terms.

Increase in Property Value: If your home's value has increased, you may be eligible for a lower loan-to-value ratio, opening the door to more favorable refinancing options.

Adjustable Rate to Fixed Rate:Switching from an adjustable-rate mortgage to a stable fixed-rate conventional loan can provide peace of mind and protect against future interest rate fluctuations.

Debt Consolidation:Refinancing allows you to consolidate high-interest debts into your mortgage, potentially securing a lower overall interest rate.

Refinancing your mortgage should either reduce your interest rate and/or monthly payment, shorten your term, or consolidate high interest debt.

Our Refinancing Process: Simple, Transparent, and Tailored to You!

At the Colorado Mortgage Team, we believe in a client centric approach to refinancing our processes designed to be straightforward, transparent, and tailored to your unique needs.

Consultation: Schedule a consultation with our experienced mortgage, professionals to discuss your financial goals and assess if refinancing to a conventional loan is the right move for you.

Customize solutions: Based on your financial situation, we will present you with personalized refinancing, options helping you understand the potential savings and benefits.

Efficient processing: Our team is dedicated to a smooth and efficient refinancing process. We handle the paperwork, coordinate with lenders and keep you informed every step of the way.

Closing and Beyond: Once your refinance is approved, we guide you through the closing process. Our commitment doesn’t end there we’re here to support you throughout the life of your loan.

When refinancing your mortgage, you can choose to take cash out, or only refinance the remaining amount on the loan. Often people choose to roll in all their closing costs to avoid any cash due at closing. You will also skip up to two months mortgage payments when you refinance depending on what day you choose to close on.

How to Get Your Refinance Started

There is no need to complete a loan application, have your credit pulled or provide income and asset documents until you know there is a refinancing option you want to pursue. You want to start by contacting us first to get all your questions answered. Don't hesitate to call us at 720-580-1346 or email us at team@comtgteam.com. We will ask you for a current mortgage statement to ensure we provide you with the most accurate information. You will receive a FREE Refinance Analysis that we review with you and tailor to your specific goals and scenario. If you decide to move forward, we will explore locking your rate and direct you to complete a loan application.

Mortgage Calculators for Refinancing

Using a mortgage calculator could help you determine if refinancing your mortgage is right for you. In some cases, refinancing will save you money on your monthly payments and over the life of the loan.

Try out our refinancing mortgage calculator now.

Want to learn more about mortgage rates for refinancing or determine if refinancing your mortgage is right for you? Contact us today!