Refinance mortgage loan programs allow homeowners to replace their current mortgage with a new one that offers better terms, such as a lower interest rate, reduced monthly payments, or a shorter loan term.
Pros:
1: Lower monthly payments: Refinancing can lower your monthly payments by securing a lower interest rate or extending the loan term.
2: Shorter loan term: Refinancing can also allow you to pay off your mortgage sooner by securing a shorter loan term.
3: Improved cash flow: Refinancing can free up cash that can be used to pay off other debts or invest in other opportunities.
4: Access to equity: Refinancing can allow you to access the equity in your home for large expenses like home improvements, education, or medical bills.
5: Consolidation of debt: Refinancing can also allow you to consolidate multiple debts into one payment, which may result in a lower interest rate and lower overall monthly payments.
Cons:
1: Closing costs: Refinancing often comes with closing costs, which can add up to thousands of dollars.
2: Prepayment penalties: Your current mortgage may have a prepayment penalty if you pay it off early, which could negate any potential savings from refinancing.
3: Resetting the clock: If you refinance and extend your loan term, you may end up paying more in interest over the life of the loan.
4: Credit requirements: Refinancing may require a higher credit score or other qualifications that you may not meet.
5: Appraisal requirements: Refinancing may require a new appraisal, which could result in a lower appraisal value and affect your loan options.
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Testimonials
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"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."Ron M.Ron M.55stars"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."
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Carlos & Aubrey R.
2023-03-17"Buying a home is incredibly stressful, and for someone without a financial background securing a mortgage is the most confusing part. For some crazy reason we have put ourselves in the buying/selling position multiple times in the past 5 years...
Carlos & Aubrey R.Carlos & Aubrey R.55stars"Buying a home is incredibly stressful, and for someone without a financial background securing a mortgage is the most confusing part. For some crazy reason we have put ourselves in the buying/selling position multiple times in the past 5 years...
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Steve & Shanon M.
2023-03-17"We were looking at available options for possibly selling or refinancing our home. We initially tried working with our financial institution, but became frustrated at their inflexibility & disorganization. We decided to reach out to Dale b...
Steve & Shanon M.Steve & Shanon M.55stars"We were looking at available options for possibly selling or refinancing our home. We initially tried working with our financial institution, but became frustrated at their inflexibility & disorganization. We decided to reach out to Dale b...
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Emily M.
2023-03-17"I have been working with Dale for 21 years. He has taken part in the purchase of each of my properties both personally and professionally. He always responds quickly and with concise instructions on what is needed for my next investment. Throu...
Emily M.Emily M.55stars"I have been working with Dale for 21 years. He has taken part in the purchase of each of my properties both personally and professionally. He always responds quickly and with concise instructions on what is needed for my next investment. Throu...
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Valerie G.
2023-03-26"I confidently endorse and recommend working with Dale DeShaw. I have been fortunate to work with Dale three times in the past five years for financing and refinancing properties and not only has it had a positive financial yield but it was a p...
Valerie G.Valerie G.55stars"I confidently endorse and recommend working with Dale DeShaw. I have been fortunate to work with Dale three times in the past five years for financing and refinancing properties and not only has it had a positive financial yield but it was a p...
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Chris H.
2023-04-14"I have had the great fortune to be able to work with Dale several times over the last 20 years. Dale patiently walked us through our first home purchase, then a refinance when the rates dropped to the purchase of a brand new home. Dale always ...
Chris H.Chris H.55stars"I have had the great fortune to be able to work with Dale several times over the last 20 years. Dale patiently walked us through our first home purchase, then a refinance when the rates dropped to the purchase of a brand new home. Dale always ...

