Our Reviews
What clients say about working with us
“The communication was excellent every step of the way. I felt confident and well-informed throughout the entire lending process. It’s great to work with a company that truly understands modern homes and their needs.”
Homeowner
“Taylor and Abby were extremely amazing to work with. Taylor definitely was able to get me the BEST rates out there and Abby was super connected to me and my loan and I felt like she was available any time I needed to connect. Made the experience feel very personable.”
Daniel Wakim
Homeowner
“Taylor and staff are excellent in providing a great service to those seeking a new mortgage.”
Dick Lawrenz
Homeowner
“Working with Taylor is always a great experience. He takes great care of my client’s and is readily available when I need something! Excellent communication, which I highly value!.”
Megan Mackey
Homeowner
“As a realtor working with Taylor and his team at Smart Home Lending has always been a great experience. They stay in contact throughout the process, return phone calls promptly and are always very professional. I would highly recommend them!”
Lorie Wilson
Homeowner
“Working with Taylor has been a great experience. He and his team are very proactive and helpful throughout the loan process. I have had several successful transaction with Smart Home Lending!”
Josh Kirk
Homeowner
“Great Loan Officer and takes really good care of clients!”
Allen Smith
Homeowner
“Nathan Coker and his team were extremely helpful and made the process of obtaining a fair mortgage a breeze. Would highly recommend him for anyone buying a home, first time or otherwise.”
Philip Conners
Homeowner
“Nothing slips through the cracks with Smart Home Lending, as details are always taken care of! Highly recommend!”
Don Ernst
Homeowner
Is refinancing right for you?
Here are the most common reasons for refinancing:
- You have a fixed-rate mortgage with a high interest rate, and are looking to get a lower interest rate
- You have an adjustable rate mortgage (ARM) and are looking to get a fixed rate
- You have two mortgages and would like to consolidate them into one
- You have a long-term loan and would like a shorter-term loan so you can pay it off and build equity more quickly
- You have a short-term loan and would like a longer-term loan so as to reduce your monthly payments
- You want to move from an interest-only mortgage to a loan that pays down the principal
- You want some extra cash to make a purchase or to pay off other debt
Benefits of refinancing
Four common refinancing options:
Cash-Out or Cash Back Refinance
This plan allows you to refinance your mortgage for more than you currently owe. The difference and the equity is converted into cash for the homeowner.
Lower Fixed-Rate Loan
If you currently have a high fixed-rate mortgage and the rates have dropped due to market conditions, then you may want to refinance to a low fixed-rate loan. Also, if you have an ARM, you might consider this option in order to get the security of a fixed rate. Even if your adjustable rate is low now, it is not guaranteed to remain that way; but if you get a low fixed-rate loan, then you lock that low rate in for the life of the loan. This option is a good choice if you are not planning on moving within the next five years.
Shorter-Term Loan
If your main goal is to quickly build up equity and to pay off your mortgage sooner, then the shorter-term loan is probably your best choice. A lot of times, if you refinance to this type of loan, your monthly payments will be higher, but you will pay substantially less interest and your mortgage will be paid off sooner. Also, you would benefit from a larger tax deduction on interest if you move from a 30-year fixed to a 15-year fixed loan. There are some cases, however, in which you may be able to refinance to a shorter-term loan without raising your monthly payment -if you’ve had your current mortgage for enough years.
Longer-Term Loan
If your current monthly payments are higher than is comfortable for your financial situation, then you might want to consider refinancing to a longer-term loan. This will result in a decrease in your monthly payments, since you will have more time to repay the loan. Examining your current mortgage and knowing how you would like to improve it are the first steps you need to take when starting the refinancing process. Once you know this, you can choose the option that will best help you achieve your goals.
Check out if refinancing makes sense for you by using our Mortgage RefinanceComparisonCalculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
- Principal payments: (the amount borrowed)
- Interest payments: (the cost of borrowing)
Smart Home Lending, LLC
NMLS #21440357
We work with over twenty lenders to negotiate you the lowest rate every time. Fast approvals, fast closings, low costs.
