One Percentage Point, vs Two Percentage Points

When It’s Time to Refinance

At Universal Lending, we pride ourselves on our ability to help streamline the refinance loan process. When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.

To start with, the lender will need personal information to verify employment for you and your co-borrower (if there is one). They will also need information regarding all of your debts and assets, including your existing mortgage.

Give us a call now – we’ll answer the questions direct! 720-465-7040



Five reasons to refinance your mortgage

There’s an old adage in the mortgage business: if you can improve your interest rate by at least two percentage points, then it is a good time to refinance. While that may work as a general rule, the truth is that there are many reasons to refinance. Here are a few:

– Lower your interest rate

– Build equity faster

– Change your loan program

– Take advantage of improved credit score

– Use the equity you’ve established

Regardless of your reasons for wanting to refinance your existing mortgage, we can help you make a decision that works best for you.

"Love, love, love Ashley! I trust her with ANY client. Whether I have a question at 9 p.m. on a Wednesday, or 9 a.m. on a Sunday, she's always there with an answer. I truly appreciate this so much. Especially in this crazy market and with all the new regulation. I come across way too many mortgage bankers these days who don't want to do the necessary work, much less go out of their way to please their buyers, but Ashley does. She is fantastic!"  -- Beth Skinner / REALTOR

Debt Consolidation

Cut interest rates and streamline monthly payments

If you’ve been feeling overwhelmed by your monthly expenses—or finding yourself just scraping by each month—refinancing your home may be a great solution for you.

Benefits of debt consolidation

Consolidating your debt into a refinanced mortgage offers several benefits.

  • First, you can get rid of high interest charges you may be facing on credit card accounts.
  • Second, you can save time and money by only having to make one payment each month.
  • Third, you can consider increasing contributions to your retirement account or your rainy day fund (and even tackling that home improvement project you’ve been meaning to do!).

With debt consolidation, there are many ways you can make your home’s equity work for you.Give us a call, and we can help you see if a debt consolidation loan is right for you.