Refinancing Your Mortgage In 2019

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Refinancing Your Mortgage In 2019:

There are many opportunities available for homeowners to consider a refinance of their current mortgage. Refinancing your mortgage in 2019 can be a smooth process if you chose the right mortgage company. At JB Mortgage Capital, Inc. we offer a wide variety of refinancing options; Conventional loans, Conventional-Conforming loans, FHA home loans and others. From excellent credit to less than perfect credit we’re prepared to meet your mortgage needs.

Reasons Why You May Want To Refinance:

  • Interest rates are lower than your current interest rate.
  • You’d like to move from a 30 year fixed interest rate to a 15 year fixed interest rate so you can payoff your home faster.
  • You’d like to renovate your home so you need to cash out some of the equity in your property. Or maybe you need cash to pay for educational or medical expenses.
  • There is little to no equity in the home and you need funds to renovate your home. The FHA home renovation loan program is a perfect fit for this. The program allows you to borrow more than the home is worth (money must be used to renovate/repair the home).
We’ll take the time to listen what you’re trying to accomplish and then find solutions to your home mortgage needs.

Customer Focused

JB Mortgage Capital, Inc. is 100% focused on the customer experience. From loan application to closing you'll work directly with one person the entire time. This ensures for a better experience for the customer and a more efficient loan process.

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Low Mortgage Rates

Making sure we provide industry low mortgage rates is a focal point at JB Mortgage Capital, Inc. We understand the importance of saving money. From fixed rate mortgages to adjustable rate mortgages we offer low rates at great terms.

Loan Options To Consider:

Below is a brief overview of loan options to consider when refinancing your mortgage. Most programs offer a 30 year fixed and a 15 year fixed loan programs (some offer a 25 year, 20 year and 10 year) as well as Adjustable Rate Mortgage (ARM) loan programs.

Conventional Loans:

Essentially a Conventional home loan is any home loan that is not backed/guaranteed by the federal government. Sometimes people confuse Conventional and Conforming (they are not the same). A Conforming loan “conforms” to Fannie Mae or Freddie Mac guidelines. Some Conventional loans do not do that.

Conventional-Conforming Loans:

This is the most common loan program and usually its just referred to as Conforming loans. California home loans under the Conforming loan program offer an excellent opportunity for homeowners to refinance.

Family in front of their homeFHA Home Loans:

If you currently have an FHA loan you may want to check out the Streamlined Refinance option. It’s super fast and you don’t need an appraisal nor income documentation. We offer a completely breakdown of FHA home loans and we believe it’s the best FHA home loan guide on the internet. 

Specialty Products:

There are some unique home loan products available in 2019. From bank statement loans to private money loans. If you think you might fit into this category be sure to ask your Loan Officer what are the options available.

Mortgage Rates - Conforming Loans

Mortgage Rates - FHA Loans

Mortgage Pro-Tips For Refinancing:

Mortgage Pro-Tip #1:

Be open to suggestions: We always recommend you work with a Loan Officer that has at least 5 years of experience. And when you work with an experienced Loan Officer you’ll find that he/she might see an opportunity to save money going with a different loan option that best meets your needs.

Mortgage Pro-Tip #2:

Only refinance if it makes sense: I know; this seems like a no-brainer however not enough homeowners take the time to break down the numbers to see if a refinance makes sense. And it’s not always about the numbers. For example if you’re moving in the next 1-2 years it may not make sense unless your savings are significant.

Mortgage Pro-Tip #3:

Paying points: Generally speaking it usually does not make sense to pay more than 1 point (discount and origination) based on current spreads between interest rates. Are there cases where it might make sense; sure however most of the time you should keep the costs associated with the loan at or below 1 point (discount and origination).

Reasons Why You Should Work With JB Mortgage Capital, Inc.

Customer Focused

At JB Mortgage Capital, Inc. we offer a unique approach to customer care. From the loan application to closing you'll work with one person. This allows for a better client experience and faster closings.

Low Mortgage Rates

Low mortgage rates and great service exist at JB Mortgage Capital, Inc. We offer industry low fixed rate mortgages and adjustable rate mortgages at great terms.

Fast Closings

Closing your loan fast is essential and we understand the importance of doing this. That's why we've embraced the latest technology to ensure we exceed your expectations when it comes to closing.

Mortgage Home InformationJB Mortgage Capital, Inc.:

If you are considering a refinance of your current mortgage please be sure to contact us for a no-cost/no-obligation quote. We offer a wide variety of loan programs, top notch customer service and industry loan mortgage rates. We have an A+ rating with the Better Business Bureau and we’re AAA rated with the Business Consumers Alliance. You can contact us through our website or call us directly at 1-800-550-5538.