UNDERSTANDING REFINANCE OPTIONS

RATE AND TERM

HOME EQUITY CONVERSION

RATE AND TERM

Restructure your mortgage for a lower interest rate, lower payment, shorter or longer term, what ever suits your needs. Refinance terms from 8 years to 30 years provide the flexibility you want and the payment you need.

CASH OUT

HOME EQUITY CONVERSION

RATE AND TERM

Make your home's financing power work for you. Refinance credit cards with high interest rates, cumbersome medical bills and planned improvements into a new mortgage with reduced monthly payments.

HOME EQUITY CONVERSION

Here's a rate and term example:

HECM pays off your existing mortgage plus any allowable debts. From now on you only pay taxes and insurance. The HECM annual interest is added to your balance. When you sell (or pass away) your loan is paid off and the net proceeds go to your family.

Here's a rate and term example:

Mid 50s married couple planning ahead toward retirement realize their mortgage won't be paid off until ten years afterward. With today's rates being low and the flexibility of any term, they elected a 12 year loan that is complete the year they retire plus a lower interest rate to sweeten the pot.

Here's a cash out example:

Here's a rate and term example:

Here's a cash out example:

Married couple inundated with credit cards, auto loans, HELOC, mortgage and medical bills wants to simplify their life and lower monthly expenses. After comparing current payments with new refinance payment on a 19 year mortgage, they eliminated all their monthly bills and saved almost $1,000 per month.

Here's a HECM example:

Here's a rate and term example:

Here's a cash out example:

Retired veteran and educator living on fixed income wanting to reduce his $740 monthly housing expense and monthly credit card debt. HECM refinance pays off existing VA mortgage plus $8,000 cash out for credit card debt. Retiree now pays $110 taxes and homeowner's insurance.

DOUGLAS MALLARDI, MORTGAGES

DOUGLAS MALLARDI, MORTGAGES

UNDERSTANDING REFINANCE OPTIONS

RATE AND TERM

HOME EQUITY CONVERSION

RATE AND TERM

CASH OUT

HOME EQUITY CONVERSION

RATE AND TERM

HOME EQUITY CONVERSION

HOME EQUITY CONVERSION

Here's a rate and term example:

Here's a rate and term example:

Here's a rate and term example:

Here's a rate and term example:

Here's a cash out example:

Here's a rate and term example:

Here's a cash out example:

Here's a HECM example:

Here's a rate and term example:

Here's a cash out example:

HELPFUL REFINANCING WORK SHEET

WHAT'S YOUR REFINANCING QUESTION?

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Better yet, see us in person!

Big Island Mortgages by Doug Mallardi