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Refinance Options | Trust in EquityHelpful Info for Homeowners Considering a Refinance

Homeowners consider refinancing for a number of different reasons. Sometimes, the goal is to consolidate debts into the home loan to reduce overall interest in the long run. Other times, the goal is simply to lower monthly mortgage payments by taking advantage of a mortgage rate that is lower than that secured during the initial purchase of the home. Whatever your reasons for looking into refinancing a house, we are here to help you understand the scope of your refinance options.

Types of Refinance Loans

Conventional: This straightforward refinance option is a good starting point when exploring refinancing your home. The greater the equity you have in your home, the better a conventional refinance will work for you.

HARP (Home Affordable Refinance Program): HARP is a government-backed refinance program designed to help make your payments more affordable so you can stay in the home.

FHA Streamline: For those who already have an FHA home loan, this refinance option may be the way to go.

Jumbo Refinance: If you owe more than about $400,000 on your existing property, you may qualify for a jumbo refinance.

If you're ready to talk in more detail about refinancing your home, contact one of our refinance experts today and we will help you begin the process and support you in securing the best refinance rate available. We look forward to helping you make your mortgage work better for you!

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You Have the Credit, Now Get the Mortgage Loan

By Trust in Equity
November 21, 2018 Category: Mortgage Loans, Mortgages, Credit Scores

You Have the Credit, Now Get the Mortgage Loan Trust in Equity has partnered with Virteom to educate our customers and users through video. In this weeks blog, we talk about mortgage loans backed by a strong credit score. Trust in Equity is a mortgage broker in Avon Ohio that services the surrounding areas and Greater Cleveland. Watch our video below to learn more. How to Choose a Mortgage Lender? Bring your mortgage needs to us! At Trust in Equity, we work with about 10 different lenders to bring you the best mortgage for your specific needs. First, we will create your profile, including assessing your credit. After we build a strong credit profile, we put the scenario out to all of our lenders. Heres where we make the difference; since were on the wholesale end of things, we have the ability to offer the best rates on the market. How Does the Mortgage Process Work? At Trust in Equity, you get more than just applying for a mortgage loan. We begin our intake process by assessing

Is the Lowest Mortgage Rate Always the Best Value?

By Trust in Equity
November 08, 2018 Category: Mortgage

Hello everyone, on todays blog we have Dan from Virteom, and one of Trust in Equitys own, Larry. Weve been giving you guys this nice cool little mini video series if you havent seen these videos - check out all the other videos. Theres a lot of good stuff on how to refinance your mortgage and so on and so forth. Is the lowest mortgage rate always the best value? *below is a transcription of the video Today we thought wed have a little bit of fun and were going to talk about what you should do if youre looking for paint. If you go to your local hardware store and youre looking to buy paint and all that kind of stuff what should they do? Larry what do you want them to do here. A lot of times you hear these commercials about you know buy this paint, get this paint, its the best brand out there. Its like 90 dollars a gallon, right? Yeah. Just because its the most expensive doesnt mean its the best paint for you. Same thing could be said about mortgages just because the rates youre

Mortgage Refinance Opportunities with Trust in Equity

By Trust in Equity
October 30, 2018 Category: Refinance, Mortgage, Home Refinance

Mortgage Refinance Opportunities with Trust in Equity (Ohio) We continue our video series this week with Dan and Larry. This time, they are discussing refinances. Trust in Equity are mortgage brokers based in Avon, Ohio servicing Greater Cleveland. To learn about refinances, watch the video: *below is a transcription of the video. What We Look at In a Mortgage Refinance Most of the time with refinances, were looking to take your existing mortgage. We look at your rate and term of the mortgage, see if it makes sense to maybe change the term and lower your monthly payment as a result. Or, we may look at the interest rates, see if theres a way to reset it that would make sense for you moving forward. Repairing Your Home or Consolidating Debt? One of the other things that we can do with refinances is take cash out of the equity of your home. Ive got a lot of people do that to consolidate debt or maybe do repairs on their home. Reviewing the Term Rateof Your Mortgage Lets say Ive

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