Refinance

You never know when the time might be right to refinance. Many time it is because rates have dropped and you would like the lower payment, sometimes it is because your life circumstances have changed. Either way, the primary reason for refinancing on your home is to put your self in a better financial position. Here are some ways we can help.

Balance to Balance Refinance | All Closing Costs Paid by Lender

This is when your new loan balance on a refinance is exactly the same as your current payoff. So if your payoff to your current lender is $300,000 your new loan balance will be $300,000. How do you achieve this? Read here how Colorado Mortgage Group can help you refinance without raising your loan amount.

FHA Streamline Refinance Program

The FHA Streamline Refinance Program is available for homeowners who currently have an FHA loan. With this program you may be able to refinance to a new FHA Loan in order to lower your interest rate and your monthly payments. Here are some of the highlights of this program:

  • Available with credit score down to 580
  • No Appraisal Required
  • No Income documentation Required

This program is one of the easier ways to refinance and save on your current payments. FHA has some particulars to this program, so please call to get more information.

VA Streamline Refinance Program (IRRRL)

The VA IRRRL program is available to homeowners who currently have a VA loan. With this program you may be able to refinance to a new VA loan and lower your interest rate. Here are some highlights of this program:

  • Available with credit score down to 560
  • No Appraisal Required
  • Unlimited LTV/CLTV
  • No Documentation Required

Give is a call to get more information.