I would like to…
Lower my monthly payment
Consolidate debt/make home improvements
Purchase a home
Quick, easy and streamlined – we can lower your monthly payment in several different ways.
Home equity can be a great way to consolidate credit cards or make home improvements.
Whether you are a first time homebuyer or an active investor we are here to make the process easy.
Our experts can help…
Lower your monthly payment
One of your best reasons to look at refinancing is to lower your monthly mortgage payment.
Many customers are under the impression that you need to lower your interest rate by 1% for it to make sense to refinance – of course a bank would say that! As long as there is a NTB (net tangible benefit) that meets legal guidelines, you can refinance at any time! We have options where we can reduce your mortgage payment by hundreds of dollars per month, simply by lowering your rate by only half a percent. Your interest rate isn’t your entire payment. While most lenders only try to lower your rate, we find more ways to bring your payment down. We strategize daily and pour over guidelines to constantly stay vigilant on new ways to meet our goal: to lower your monthly mortgage payment in the quickest, cheapest way possible. We even handle the hard cases; if you want a lower term and lower payment, we find a way. If you want the lowest payment overall, we make it happen. We focus on what makes our customers happy, nothing else.
Consolidate your debt
Credit cards, installment loans, short-term debts, or car payments – it doesn’t matter what the debt is, best your mortgage equity is one way to help.
Many homeowners feel they should never touch the equity in their home, but have you done the math? Paying off high interest debt with your mortgage will allow you to send in extra every month. Monthly principal reduction could add up to thousands saved over the terms of your loan (even at a higher loan amount). Sometimes, life happens and you need to hit the reset button or consolidate some of that debt. While your mortgage payment is a 15 or 30 year term, mortgage debt is very inexpensive. Consolidating an installment loan at a 15% rate into your mortgage at 3.25% can save you literally hundreds of dollars per month and thousands of dollars per year.
Make home improvements
If you plan on being in your home for the long-haul (or just want to put a pool in the backyard), you can use your equity for more than just consolidating debt.
By completing a quick cash-out refinance you can pull out the equity of your home to improve anything! You can put a pool in the backyard, remodel your kitchen, or refinish the hardwood floors. By taking some of your equity and putting it back into the home through home improvements you can increase your home’s value while making your home even better. As an additional note, refinancing doesn’t mean resetting your loan term. We can keep your loan term identical to the remaining years, while still accomplishing all of your goals.
Purchase a Home
Moving into a new home is a fun and exciting process. It can be overwhelming so we take the worry out and make the process simple.
When purchasing a home there are many things your should know, from contract negotiations or finding the right real estate agent, to locking your loan at the right time and meeting deadlines. At Northern we walk you through the entire process, whether you are a first time homebuyer or a seasoned investor we can help anyone purchase a home anytime they are ready. We have always worked with a wide array of clients and our experts are ready to help and discuss the best products, terms and rates.
Still have some questions?
Just ask us.