Things you Need to Know When it Comes to Refinancing

5 Things you Need to Know When it Comes to Refinancing - Paramount Equity®

Repayment schedules and interest rates are very critical and should always be examined carefully before you commit to be bound by loans and financing contracts. Interest rates play a very crucial role in determining the overall cost of a loan. It is important to realize that these interest rates are never static. They keep changing from time to time. Such shifts are usually dependent on the prevailing economic conditions or preferences of the relevant regulatory authorities like the federal bank. These changes in interest rates are the major cause as to why you may be tempted to refinance your loan payment. Before you make a decision, there are 5 things you need to know when it comes to refinancing.

Relevant expertise

Refinancing entails replacing the old loan with a new one. (more…)

Read More »

What’s the Future of the Federal HARP Program?

Paramount Equity® - HARP program

The Federal HARP (Home Affordable Refinance Program) program helps people refinance their homes, even if they are now worth less than what was originally paid. People in these situations often find it difficult or impossible to refinance their loans, yet this could help you greatly with the costs of your mortgage. The HARP program was created to help people like you, whose homes are underwater, get their mortgages refinanced.

Unlike other debt relief programs, HARP is not intended for homes that are in foreclosure or pre-foreclosure. In order to refinance under HARP, your mortgage must be current, and your payment history must be good over the last 12 months. Only loans owned or guaranteed by Freddie Mac or Fannie Mae are eligible.

One of the previous guidelines for the HARP program (more…)

Read More »
Copyright © 2003-2019 Paramount Equity® Blog. All rights reserved.
"Paramount Equity®", "Paramount Equity Mortgage®" and "Savings Made Simple" are trademarks of Paramount Equity Mortgage®, LLC.

Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; regulated by the Colorado Division of Real Estate NMLS# 30336; Connecticut - Connecticut Mortgage Lender License # ML-30336; D.C. - Mortgage Lender License #MLB30336; Florida Mortgage Lender Servicer License # MLD 898; Kansas - Kansas licensed mortgage company License # MC.0025206; Maryland - Mortgage Lender License # 21172; Nevada Mortgage Banker License #3919; Licensed by the N.J department of Banking and Insurance NMLS#30336; Oregon Mortgage Lender License #ML-3256; Texas – Paramount Equity Mortgage®, LLC NMLS #30336; Utah DRE Mortgage Entity License #6967176; Washington Consumer Loan Company License #CL-30336; and Wisconsin – Wisconsin Mortgage Banker License #30336BA; NMLS ID #30336.