Refinance Rate
Are the interest rates on your home mortgage to high? Are the high interest rates making your monthly payments unbearable? Maybe it is time for you to consider refinancing with East West Mortgage. With a simple process all
Refinancing basics
Refinancing can be a confusing process but here at East West Mortgage we assist you as best as we can. A refinancing is basically a new loan that pays off your current home mortgage loan. You should only refinance if the mortgage rate the new loan are at least 2% less than the current one. The mortgage rate of your mortgage is determined by many factors, one of which is your credit score. Your credit score is a numerical value that represents your reliability when it comes to credit. It is based of off your credit report. Paying payments on time will increase your credit score. The higher your credit score is the lower your rates and monthly payments will be. The lower the credit score the higher the rates and monthly payments will be. The inflation rate of the nation, Federal Reserve policies, and the pace of the economic growth also affect your rates.
Dealing with bad credit
For those individuals with less than perfect credit East West Mortgage offers affordable methods for which to receive your loan. We call them our Sub prime plans (bad credit plans). East West Mortgage makes it easy for you to decide whether it is the right time to refinance with our website.
We included a free online refinance calculator to determine if you will save money. Our current mortgage rates are also available online for further information. Applying with East West Mortgage is fast and easy with either our online application process or our toll free number. 1800-880-4202
