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REFINANCING

Thought about reducing your monthly payment? Do you have debt you’d like to consolidate into a lower interest rate? By refinancing, you could possibly save your self thousands of dollars in interest rate payments by consolidating debt or by lowering your interest rate. At First Midwest Financial, we consult with you by reviewing your existing mortgage loan and give you sample loan scenarios to determine if refinancing makes financial sense for you.

Low rates

Calculator and rate comparison tools

Mortgage comparison charts

Experienced Loan Officers to consult with you on the right solution for you

REFINANCING/DEBT CONSOLIDATION SOLUTIONS:
ADVANTAGES / DISADVANTAGES

No point, No fee Solutions

BENEFITS: DISADVANTAGES:

No closing costs

Higher rates

Les money required to close

Higher down payment

Less Than Perfect Credit Solutions

BENEFITS: DISADVANTAGES:

Provides ability to rebuild credit if you pay your

Higher rates

mortgage on time

Terms may not be as favorable

 

harder to get long term fixed rates

 

Loans may have prepayment penalties

Home Equity Line of Credit

BENEFITS: DISADVANTAGES:

You only borrow what you need

 

Pay Interest only on what you borrow

 

Flexible access to funds

 

Interest may be deductible

 

Call Us At 812-246-LOAN (5626) or visit us at 816 County Road 160, Charlestown IN 47111 M-F 9am-6pm
NMLS Number 18533