Whether buying or refinancing, there are several ways to get into a mortgage
When you first start considering buying or refinancing a home, there are so many questions. Which mortgage plan is best for you? Is your credit good enough to qualify for a low interest rate? How much can you afford for your monthly house note? We will try to answer them here.
Learn more:
Did you know:
You may be able to help finance a family member’s home using a Pledged Securities Mortgage*. Contact your financial advisor for more information.
Is it time to take advantage of refinancing?
Consider these questions to help you determine if you save money by refinancing with today’s low interest rates:
- What is your outstanding balance?
- What is your interest rate?
- What is the term of your mortgage?
- For how many years have you had your mortgage?
- For how long do you plan to stay in your home? 5 years, 7 years, 10 years, 15 years, 30 years
- What is the value of your home? Zillow.com can provide a guesstimate of a home’s value based upon sales in the broad area.
*The Pledged Securities Mortgage may not be for everyone. A loan client may be at risk of losing money in their collateral account due to market volatility. This may require the deposit of additional equity into the collateral account, which could result in further losses. Though Raymond James Bank will typically contact the client or their Financial Advisor prior to liquidating pledged assets, Raymond James Bank reserves the right to sell pledged assets of its choosing without contacting the client, if needed to maintain equity in the collateral account. Trading in the collateral account is permissible provided that minimum balance requirements are maintained. In addition to regular closing costs, an annual fee may be charged by Raymond James & Associates, Inc. for manual administration of the pledge accounts. Clients should consult with their Financial Advisors for details.