Refinancing a property must benefit the owner, but what does benefit really mean? Each property owner has their unique needs and their own vision. We are here to listen and guide you to the most appropriate loan program that fits your needs. An owner can benefit from a refinance in many ways and not just a lower rate.

To refinance a property, you can either take cash out of the value of your property or you can keep the current amount due on the mortgage but get a lower rate and/or reduce your mortgage payment. If a homeowner wants to take advantage of the equity built up in their property, a cash out refinance can be structured to help achieve your goals. GoAhead Finance will listen and help guide and optimize your financial situation and propose a loan program with you that fits your needs.

Refinancing a mortgage costs money, but you may not have to pay for it. At GoAhead Finance, the cost of appraisals, credit checks, flood certifications, underwriting, title searches, etc… are covered by us. This is possible because we are not a traditional firm; we keep our overhead extremely low and pass the savings on to you, the client. Simply apply, review our proposal, and if it fits your needs, we proceed! Our rates are consistently better than others, even when we absorb the cost of refinancing a mortgage.

If a borrower pays more than the required monthly payment, by law it must be applied to the principal balance, the amount one still owes on the mortgage. The process of making principal payments is known as accelerating your amortization schedule. Some people make bi-weekly payments (or 26 payments a year) which amounts to a 13th payment in the course of a year. That extra payment each year would accelerate your amortization schedule by approximately 7 years which is quite a bit of savings over the life of a mortgage. There are many factors involved in this process and we are here to help navigate the best course of action for your short and long term financial needs.