Coronavirus has been rocking the world on every possible level. The stock market is crashing, people are self isolating, or being forced into lock down, and authorities are talking ominously about a recession. COVID-19 is bad news on almost every different level—unless you’re refinancing your home.
Rock bottom interest rates are making refinancing your home a financially sound option. There has never been a better time to turn your 30 year mortgage into a 15 year. If you’re thinking about refinancing, here are the top things you should know.
Ask to use Millennial Title for Refinancing
When you sit down with your loan officer to talk about refinancing, ask for Millennial Title. You’ll get a discounted refinance rate for any qualifying reissue rate. That could add up to big savings. You always have the right to select your own title company during a refinance, so don’t be afraid to speak up even if they suggest a different title company.
Most companies are glad to let you pick your title company. The suggestions may be put in place simply because many people do not have a title company in mind, and don’t want to go through the hassle of finding one. If you let them know you want Millennial Title, they’ll likely be happy to let you go with your pick.
Mobile Closings
With the coronavirus putting much of the country in lockdown while sending essential personnel scrambling, you can’t always stop by an office to sign paperwork. Mobile closings make this easier by bringing the close to you. We make things as convenient as possible so you can get your refinance done as hassle-free as possible, while still maintaining and respecting social distancing requirements.
Mobile closing is a very convenient way to get your paperwork done and handled, so you can refinance as fast as possible and enjoy lower payments and less interest.
Get Faster Service
Lower interest rates can save thousands over the long run. The unprecedented low-interest rates going on right now won’t be here for long. Due to the sheer volume of people who are interested in taking advantage of these interest rates, it’s important to do your part to ensure prompt service.
You can avoid being bumped to the back of the line by ensuring you have all necessary paperwork together before refinancing. Your loan officer can provide you with a list of needed items in order to put your refinance through.
Right now interest rates from the government are very low. That means lower interest rates all the way around. COVID-19 has been disastrous in many parts of the country, for many different financial sectors. While there is very little in the way of good news for this global pandemic, those interest rates are the silver lining we can look forward to.
If you’ve been looking at refinancing to take advantage of these interest rates, lower your payments, or maybe just so you can get by until the financial uncertainty of these times can clear up, we’re here to help you. Reach out to Millennial Title today and let us know how we can help.
