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Refinance Your Home Mortgage

We are Ready to Help You Refinance Your Home!

 At Handley Mortgage Solutions, we understand the importance of managing your bills, so that you can fully enjoy your file ... without the stress of living paycheck to paycheck. 


Refinancing your home mortgage can provide several benefits to  you!


  1. Lower Interest Rates: Refinancing can lead to securing a lower interest rate, which can reduce monthly mortgage payments and overall interest costs over the life of the loan.
  2. Reduce Monthly Payments: By obtaining a lower interest rate or extending the loan term, you can lower their monthly mortgage payments, which can improve cash flow and provide financial relief.
  3. Shorten Loan Term: Refinancing to a shorter loan term, such as switching from a 30-year to a 15-year mortgage, can help to pay off your mortgage faster and save on interest costs.
  4. Change Loan Type:  Switching from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage (FRM) or vice versa can provide stability in payments or potentially lowering rates.
  5. Remove Private Mortgage Insurance (PMI): If your home has gained enough equity, refinancing can help eliminate the need for private mortgage insurance, which is typically required for conventional loans with less than 20% equity.
  6. Improve Credit Score: Consistently making mortgage payments on time and reducing debt through refinancing can positively impact credit scores, potentially leading to better interest rates on future purchases!
  7. Change Terms and Conditions: Refinancing provides an opportunity to renegotiate terms and conditions of the loan, such as removing a co-borrower, adding one, or adjusting payment schedules to better fit financial goals.
  8. Lower Total Interest Costs: By securing a lower interest rate or shortening the loan term, you can reduce interest paid over the life of the loan, saving potentially tens of thousands of dollars.


It's important to carefully evaluate your financial situation, goals, and current market conditions before deciding to refinance your mortgage ... that's where we can help!


Take the first step towards financial freedom today with Handley Mortgage Solutions. Let's embark on this journey together and help you achieve your homeownership goals


Click here to start the pre-approval process!

Re

Ready to see how much equity you have? Click image above to find out. 

Possible Loan Products

First Time Homebuyer

Have you been living with your parents and you are ready to move out? Been stuck in an apartment and ready to have something to call your own? Tired of filling your landlord's pockets each month and ready to build equity in a place of your own?

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  •  Credit score - 580
  • As little as 3.5% down 
  • Private Mortgage Insurance-life of loan 
  • 6% seller concessions 
  • Possible Down Payment Assistance Program

USDA (Rural Development) Loan

  • Credit score - 620 
  • 0% down 
  • Home must be in USDA eligible area 
  • USDA income requirements  
  • 6% seller concessions

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Gifts from family members
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 


Buying a Larger/Smaller Home or Just a "New Home"

It was just you, then you added a significant other, and now a new "alarm clock" ... you need space! The children are getting sooo big and they need space to play, learn, and explore. Your new puppy needs a huge yard! Working from home is great, but you could use an office. You've raised your children and now are ready for something a bit smaller. A large home was always your dream, but now it's a nightmare ... so much cleaning and maintenance. Looking to have a smaller home in both Indiana/Ken

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  •  Credit score - 580
  • As little as 3.5% down 
  • Private Mortgage Insurance-life of loan 
  • 6% seller concessions 
  • Possible Down Payment Assistance Program

USDA (Rural Development) Loan

  • Credit score - 620 
  • 0% down 
  • Home must be in USDA eligible area 
  • USDA income requirements  
  • 6% seller concessions

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Use money from the sale of current home to help purchase new one
  • Gifts from family members
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 


Buying a Second/Vacation Home

Constantly renting homes on VRBO is costing a fortune. You are ready to take the plunge and buy a vacation home?

CONVENTIONAL Loan

  • Credit score - 620 
  • As little as 3% down 
  • Private Mortgage Insurance is removed 
  • Seller Concessions* 
  • Possible Down Payment Assistance Program

FHA Loan

  • NOT AN OPTION

USDA (Rural Development) Loan

  • NOT AN OPTION

VA Loan

  • Credit score - 580 
  • 0% down 
  • Must fit VA requirements  
  • 4% seller concessions

MISCELLANOUS INFORMATION

  • Must be 50 miles away from current home - unless it is on a lake/tourist spot
  • Gifts from family members
  • Use a home equity line of credit (HELOC) to help fund
  • Borrow from 401(k) for down payment
  • Seller Concessions can help to pay down the interest rate, pay closing costs, pre-pay items (insurance and taxes)
  • * Conventional Loan - Seller Concessions - 3% when putting 0% to 9.99% down on the home, 6% when putting 10% to 20% down on the home or 9% when putting 20% or more down on the home 

Above is a small offering of our loan products. We have many more offering to choose from. Be sure to reach out to discuss your goals, so we can create a customized plan to homeownership for you! We are not "one size fits all" mortgage company.

Happy New Homeowners

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    Timothy Handley - NMLS #2054381 | Powered by Smith Broady & Associates - NMLS #143637

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