FHA Borrowers Take Advantage Of New Found Equity With Blue Home Loans, Inc.
San Diego, CA (PRWEB) November 11, 2014 -- Blue Home Loans, Inc. is a California full-service mortgage company that has been helping borrowers within the state to find the best possible mortgage scenarios for years. The team of mortgage professionals, headed by father and son – Robert and Brandon Blue, specialize in processing many different types of home loans, but their main expertise is refinance loans. Recently, FHA borrowers have been taking advantage of their new found equity to refinance to conventional mortgages with the company, and thus eliminate costly private mortgage insurance payments.
BlueHomeLoans.com explains, “A home refinance loan can not only improve your current rate and terms, but can give you a chance to change the type of loan you are in, increasing your loan payoff time. Refinancing your home loan enables you to replace your existing home loan with a new home loan with better terms while giving you the opportunity to get cash back from the equity you have built in your home. Using the equity in your home is a powerful tool that can help you improve your overall financial well being and pay off high interest loans, debts, and credit cards.”
With things stabilizing in the California housing market, many homeowners are now finally seeing their equity increase on their homes, and with recent low mortgage rates, this could be a perfect opportunity to refinance an FHA mortgage. Blue Home Loans explains that while FHA mortgages can be very beneficial in many instances, there are also many FHA borrowers who could benefit from switching to a conventional loan. One of the main benefits would be eliminating their monthly private mortgage insurance payments. This alone could save hundreds of dollars a month, and thousands of dollars over the life of the loan.
Blue Home Loans has been working with clients to reduce their monthly payments and make homeownership manageable for many years and has received numerous five star reviews regarding their refinancing services. One review of Blue Home Loans from a client living in Los Angeles, says, “Brandon and Shari did a great job for me. I got a great rate for my condo on a 30 fixed loan and PMI removed. It was a hassle free experience with filling out the paperwork and signing the documents online. I will most definitely work with them again!”
Aside from getting a great low rate and getting rid of PMI, many homeowners may also be able to take cash out to pay off other loans, such as car loans and credit card debt, and thus benefit from a raised credit score. For more information on how Blue Home Loans can help California home loan borrowers get approved for their home purchase loan or refinance quickly, please visit BlueHomeLoans.com or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.
California Bureau of Real Estate -- BRE #01938557 NMLS #1162386
Brandon Blue, Blue Home Loans, Inc., http://bluehomeloans.com/, +1 (949) 291-8468, [email protected]
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