Louie Wickett can help homeowners profit from home refinancing
Urbandale, May 25, 2022 (GLOBE NEWSWIRE) — Urbandale, Iowa —
Louie Wickett – Mortgage Lender, with offices in Urbandale, Iowa, is pleased to announce that he and his team are ready to help homeowners realize the potential benefits of a home mortgage refinance. He is keen to point out that even with current interest rates, there are a number of benefits homeowners can have with home refinancing. He believes landlords shouldn’t wait too long for rates to come down to a certain level because there’s really no assurance that they will. If homeowners wait too long, they may not be able to take advantage of the opportunity to lower their monthly payments. It is important to note that the main benefit of a home mortgage refinance is the reduction in the monthly payments they make for their home finance contract. With adjustments, it is possible to increase savings, pay off a financing arrangement with high interest, or save more money that can be used for retirement.
Home mortgage refinancing is a good idea because some home finance deals have adjustable rates, which means the interest rate is usually low at first, but will gradually increase over time. While it may be good for the homeowner during the early stages of the home financing deal, payments may be significantly higher towards the middle or end. With a home refinance, the homeowner may be able to change the home finance deal to one with a fixed interest rate. Louis Wickett can help homeowners determine if it’s the right time for them to opt for a home mortgage refinance. Those who want to know more about Louis Wickett can check out the latest article about him.
With a real estate refinance, it is also possible for the owner to shorten the duration of the real estate financing agreement. This can be very advantageous for the owner. For example, if interest rates are low enough, a 30-year home finance agreement can be converted to an agreement lasting only 20 years with only a slight increase in monthly payments. With such an arrangement, the owner will obtain full ownership 10 years earlier while benefiting from a substantial reduction in the total amount of payments needed for the house. Louis Wickett can also offer advice to the owner on how to proceed and if it is feasible at the current time.
It’s also worth noting that insurance is generally mandatory for a home finance deal, except for those backed by the VA program, when the down payment is less than 20% of the home’s value. A home refinance deal can eliminate insurance costs under certain conditions, such as when the amount still to be paid has been significantly reduced or when there has been a large increase in the value of the home.
Additionally, a home refinance can be used by the homeowner as a source of funds to make repairs or improvements to the home. This can be done by taking advantage of the equity that has been accumulated by the owner. This can provide funds that can be used for different purposes, including home repairs, tuition fees, home improvements, legal fees, hospital bills, and other similar large expenses.
Louie Wickett – Mortgage Lender has been helping people achieve their dream of owning a home for over seven years and is happy to help homebuyers with insightful information on the complicated process of home financing or refinancing. He believes in building and nurturing relationships with clients, treating them like family through the home buying or refinancing process.
Homeowners interested in learning more about home refinancing and the services offered by Louie Wickett – Mortgage Lender can visit their website or contact them by phone or email. To learn more about Louie Wickett and his services, Internet users can also consult the latest news article about him.
For more information about Louie Wickett – Mortgage Lender, contact the company here:
Louie Wickett – Mortgage Lender
2370 128th Street NW
Urbandale, IA 50323