San Francisco | Refinancing – It’s Not Just for Mortgages Anymore! |Mortgage residential and commercial home loans SF
By now you are probably familiar with mortgage refinancing. Each year a large number of homeowners take advantage of refinancing their home mortgage to help them reduce their interest, reduce monthly payments or take advantage of their equity to make home improvements or pay down debt. However, few people are aware that you can also refinance other loans as well. From automobile loans to personal loans, the financial services sector has refinancing options available for loans of every shape and size!
So why is refinancing so popular and why do so many companies do it? The answer is simple: The companies do it because they want to earn the interest payments you will make (it’s profit for them). For the consumer who is refinancing, they want to take advantage of better deals than what they original got or they want to free up money to pay for major repairs or other needs. Many people consider refinancing a win-win situation for most consumers. The financial companies win by earning profits and the consumers win by getting terms that are more favorable to them in the long run.
Recently, automobile refinancing has come into the picture as a way for consumers to rework their auto loans to get more favorable terms and help reduce the burden on their wallets each month. Since automobiles are an asset that doesn’t appreciate as time goes on, these types of refinancing opportunities are limited. Typically, the vehicle you want to refinance must be worth more than the loan you are taking out – the bank wants assurances they will get their money back. However, for those who purchase high dollar automobiles such as sports cars or large RV’s, refinancing can save them a considerable amount in interest and help lower their monthly payments to make the vehicle more affordable.
One thing you may not realize with automobile refinancing is that if you are in a tight spot most banks and financial institutions want to work with you to get your loan refinanced. It is far better for them to get you into terms you can afford than to let the car go back for repossession.
Of course, refinancing isn’t limited to automobiles and mortgages anymore – today, even person lines of credit and other loans are being refinanced at a record rate. Competition in the financial sector has led to a number of lenders wanting to earn your business – your interest – and they will often compete to the point where the consumer has many choices available to them, often at sweetheart rates.
In our modern economy it looks as if we are all looking for ways to reduce our monthly expenditures and take a little of the financial burdens off our shoulders. Refinancing offers an attractive way to do just that with no burden on the consumer and a lot of potential benefit in the long run. It may be the silver lining you are looking for in our current gray economic times!
Powered by Agent San Francisco – SF San Francisco. All rights reserved.© 2012 Copyright by Agent San Francisco™. All rights reserved. Agent San Francisco is an independent real estate brokerage.
“Agent San Francisco real estate brokerage” is an independent real estate brokerage firm with CaBRE – California Bureau of Real Estate Lic #01173770 and Mortgage Loan Originator MLO – NMLS ID: #1203203 & NMLS ID: #1425778 – Agent San Francisco is equal opportunity housing mortgage broker and
real estate agent that abides by all California Bureau of Real Estate rules and regulations. Agent San Francisco Mortgage Loan originators MLO’s and advertising are in compliance with FTC, U.S. Department of Housing & Urban Development (HUD), Regulation Z [12 CFR §1026.24], Reg CaBRE, Mortgage Acts and Practices — Advertising rule, known as Regulation N – [12 Code of Federal Regulation §§1014 et seq.] – The Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB).
Licensed and endorsed under California Bureau of Real Estate. (CaBRE)
CaBRE Broker #01173770
Mortgage Loan Originator (MLO) NMLS ID #1425778
Mortgage Loan Originator NMLS ID #1203203
Searches related to residential home and commercial real estate lenders San Francisco
residential home and commercial real estate loans San Francisco
San Francisco residential home refinance and commercial real estate lenders list
largest residential home refinance and commercial real estate lenders San Francisco
residential home refinance and commercial real estate funding San Francisco
residential home refinance and commercial real estate financing San Francisco
residential home refinance and commercial mortgage lenders San Francisco
residential home refinance and business real estate lenders San Francisco
residential home refinance and private commercial real estate lenders San Francisco
Home purchase loans and refinancing
