There are many things to consider before refinancing your home. At Park Place Funding, we will help you sort through the questions to determine if it is a wise financial decision. Some of the factors that will influence your decision include your tax bracket, refinancing costs, and the length of time you anticipate staying in your home.

We will evaluate your current loan contract to see if there is a penalty for obtaining a new loan. Other considerations will be the total cost for refinancing?-including the interest rate, points, settlement costs, and miscellaneous costs. Our loan officers can estimate the length of time it will take for you to recover the costs related to refinancing.

If you plan to stay in your home for a long period of time, you may benefit by paying additional points up front to get a lower interest rate. Some lenders will even finance the points, if this is in your best interest for an overall loan package. Keep in mind that having a lower interest rate can mean less of a tax deduction for you. Our financial planners will sort through all of the pros and cons of refinancing to help you come to the best decision for your financial health.

Give us a call at 949-540-2300, and let our representatives get you started today on the road to owning real estate in beautiful Southern California. We have more than 50 years of experience in the wholesale mortgage brokerage business, and we will put that expertise to work on your behalf.