Adelaida “Ady” M. Artime, P.A., Berkshire Hathaway EWM Realty.Phone: (786) 512-2467
Email: [email protected]
Email: [email protected]
Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations.
When you refinance a mortgage, you're essentially taking out a new home loan and assuming its terms. The money from this loan is used to pay off your existing mortgage. A refinance loan with a lower interest rate than your original loan can eventually save you a significant amount of money. Meanwhile, depending on how much equity you have in the home and how much of your original mortgage was paid off, you can significantly lower your monthly payment as well.
The best way to know for sure is to consult with a loan specialist, who will crunch the numbers based on your current loan, your home's estimated value, current interest rates and other factors. If the amount of money you'd save by refinancing outweighs any closing costs or other fees you would incur by closing on the new loan, it's probably worth refinancing.
If you're thinking about refinancing, it's a good idea to consult with a few reputable mortgage lenders to see what loans and interest rates you can qualify for. From there, you will need to fill out a formal loan application. Some lenders may also require an appraisal on your home; if this is the case, be prepared to pay for the appraisal out of your own pocket.
Once the loan is approved, you will go through a similar closing process as you did when you first bought the home. From there, you can begin enjoying lower monthly mortgage payments and a lower interest rate on your loan. Some homeowners will continue to pay their previous mortgage amount in order to pay off their loans early.
In her role as a real estate and relocation specialist in South Florida and Northern Virginia, Ady Artime prides herself on providing the highest level of service, confidentiality and professionalism to her clients. Based on her own experience as a government liaison, Ady is in familiar territory working with high powered individuals. She possesses a discreet and confidential work ethic, and her keen eye, attention to detail, and experience with multi-million dollar properties have earned her a high-profile, loyal clientele that expect the best from their realtor.
Known for her expertise and strong background in interior design, she stands out from other real estate agents. When a satisfied client says that Ady knows real estate "inside and out", the statement is to be taken literally. Over the course of her career, she has received recognition as an award-winning interior designer. She has designed and implemented interiors for countless luxury projects throughout the United States, and Europe. Her extensive knowledge of all facets of design, including working with architects and construction teams, led to a natural progression into the real estate arena and gives her a definite edge over the competition in serving her clients.
As and agent in South Florida and North Virginia, Ady lends her real estate expertise and design savvy to buyers and sellers. Ady's mission is to develop a faithful, repeat clientele by providing them with superior service and value. She is passionate about her work and takes the time to understand each client's needs and goals to accurately assess the options she provides. From overseeing the staging of a listed property in order to fetch the highest possible price to analyzing a potential purchase from a design and architectural perspective.
