Put your home equity to work.
Refinancing may help you restructure your mortgage, consolidate debt, access available equity or create a financing strategy that better fits your current goals.
Start with what you’re trying to accomplish.
Your mortgage can be more than a balance and a payment.
Your home may represent an important part of your financial picture. Refinancing can involve reviewing that equity alongside your debts, goals and existing mortgage terms.
Debt Consolidation
Explore whether available property equity may help restructure higher-cost consumer debts into a broader financing strategy.
Home Renovations
Accessing equity may provide financing for renovations, repairs, upgrades or larger home-improvement projects.
Investments
Homeowners may explore available equity as part of an investment or real-estate financing strategy.
Business Needs
Property owners may have financing options that can be reviewed alongside business or capital requirements.
How much equity do you have available?
The relationship between your property’s value and existing mortgage balances is an important part of determining which refinance or equity-access options may be worth exploring.
There may be more than one financing path.
The appropriate lender depends on your mortgage, property, equity, income, credit and overall objective.
Traditional Refinance
Bank and institutional refinance options for borrowers who meet conventional qualification requirements.
- Standard income qualification
- Established credit profiles
- Conventional lending guidelines
- Mortgage restructuring
Alternative Refinance
More flexible lending options may be available when a borrower’s income or credit profile does not fit traditional guidelines.
- Self-employed borrowers
- Non-traditional income
- Credit challenges
- More flexible qualification
Private Financing
Private mortgage options may be worth reviewing where conventional financing does not fit the complete transaction.
- Private first mortgages
- Private second mortgages
- Private third mortgages
- Complex financing situations
Too many payments? Review the complete debt picture.
If you have available property equity, Rosie can review your mortgage alongside credit cards, loans and other obligations to determine what financing approaches may be worth considering.
Does the entire first mortgage need to be replaced?
Not every equity-access strategy requires the same structure. Rosie can review your existing mortgage and compare available refinance, second-mortgage or other financing approaches.
The objective is to consider the complete cost and structure rather than looking at one rate or payment in isolation.
Review its balance, term and potential costs before deciding how to proceed.
In some situations, another mortgage position may be one option worth comparing.
Credit or income challenges don’t automatically end the conversation.
Alternative and private lenders may consider files differently depending on the property, equity, income, credit and complete borrower situation.
Need additional financing behind an existing mortgage?
Certain properties and equity positions may support private second or third mortgage financing.
These are specialized transactions and should be evaluated based on the complete cost, mortgage position, property, exit strategy and lender terms.
Start with the goal. Then review the numbers.
Apply
Tell Rosie about your property, mortgage, debts, income and refinancing objective.
Review
Your existing mortgage and complete financial situation are reviewed.
Property & Equity
Property value, mortgage balances and available equity are considered.
Compare Options
Available traditional, alternative and private structures can be reviewed.
Lender Review
Documentation and property information are submitted where you choose to proceed.
Closing
Required conditions and closing steps are coordinated for the selected financing.
Look beyond the new mortgage amount.
Replacing or restructuring an existing mortgage can involve costs. Those costs should be considered when comparing whether a refinance makes sense for your situation.
Breaking an existing mortgage before maturity may result in a lender prepayment charge.
Certain transactions may require an appraisal or other property valuation.
Mortgage changes may involve lender, administration or discharge-related charges.
Additional costs may apply depending on the lender and financing structure selected.
Start with what you want the refinance to accomplish.
Rosie Figliomeni helps homeowners review mortgage and equity financing options based on their property, existing mortgage and overall financial picture.
Whether the right path involves traditional, alternative or private financing, the first step is understanding the complete transaction.
What could your home equity help you accomplish?
Tell Rosie what you’re trying to do and start exploring the financing options that may fit.