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First Mortgage
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Second Mortgage
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Refinance
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Debt Consolidation
Reasons to choose ALTERNATIVE LOANS
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Get upto 85% equity access. Quick approvals.
Your Private Lending Specialist
- At alternative loans , we just don't stop at providing you home equity loans. We guide you through your entire financing process. We have a network of lenders who can understand your needs and provide best solutions. Here you get access to both private and conventional lenders who can provide industry lowest interest rates.
- We have a network of lenders who can understand your needs and provide best solutions.
- Here you get access to both private and conventional lenders who can provide industry lowest interest rates.
- Availing home equity loans without proper knowledge might push you into a debt trap. At Alternative loans, this should be least of your worries. Our specialists work for you and are focused on your financial well being.
Mortgage refinancing in Milton
How much do you pay for your monthly mortgage payments? Is it so much that it’s taking a chunk from your paycheque leaving you in a tough spot with your monthly payments? Consider mortgage refinancing. At Alternative Loan in Milton, we offer policies which are tailored to your requirements. To find out more, call us and speak without team members or request a callback. We look forward to hearing from you.
What is mortgage refinancing?
Simply put, mortgage refinancing is a type of policy where you replace your existing mortgage with a new one with better terms and conditions. There are three types of mortgage refinancing options that you can consider:
Rate and term refinancing: The only terms that differ are the interest rates or the mortgage loan term or both. The interest rates are low and a homeowner may walk away from closing with some cash (not more than $2000)
Cash-out refinancing: This type of refinance can be used to consolidate the first and second mortgages. Cash-out refinance increases the mortgage amount but you would only have to pay the amount when you are closing the mortgage. This type of refinance also allows you to decrease the loan term, which means you can close your mortgage faster
Cash-in refinancing: One of the popular refinancing options in the market right now where you get low mortgage rates. These mortgage rates are available at lower loan to values. Also, if you pay down your loan to 80% LTV your monthly mortgage insurance premiums are no longer due
The many advantages of mortgage refinancing
It can help you reduce your expenses as you will be paying less on your monthly mortgage payments
It can help you improve your credit score
You will not have to worry about late payments