Home Loan and Mortgage Refinance Lenders in Reading
In today’s high-stress world, we’re looking for faster, simpler solutions at every turn. That’s just what we offer at Academy Mortgage—a home loan process that’s so easy you’ll wish you did it years ago!
You may have been putting off applying for a home loan because you are worried that as a low-income earner, you may not qualify. But our mortgage experts can assure you that you are by no means automatically disqualified as a homebuyer simply because your income is low. In fact, there are many home loan programs out there earmarked just for low-income earners. We can help you find them.
If your income is stable but a Conventional Loan isn’t enough to cover the cost of the home you want to buy, talk to our mortgage lenders about a Jumbo Loan. These oversized loans are perfect for funding the purchase of upscale homes.
Nothing should stop you from achieving your dream of homeownership. Whatever excuses you have been making to put off applying for a home loan, make a promise to yourself this is the year you’re going to stop paying rent every month and finally take the plunge. The professional team at Academy Mortgage of Reading can show you how.
Our Home Loan Options
You are probably not aware of the dizzying array home loan options available to potential homebuyers today. But that’s OK—you don’t have to be, because that’s our job at Academy Mortgage!We’re the experts on all types of home loans, from Conventional Mortgages to VA Loans and Jumbo Mortgages to USDA Loans. We will help to match you with the right home loan option for you.
Mortgage Refinancers for Reading, Massachusetts
Many homeowners opt for mortgage refinancing as a way to save money on their home loan. It’s a good strategy, but you have to move on it at the right time.
The most common reason propelling homeowners to seek mortgage refinancing is a drop in interest rates. When interest rates fall at least a percentage point lower than they were when you took out your loan originally, there's a possibility that you could save money by refinancing.
The lower interest rate saves you money over the life of the loan, but if you increase the term, you may get substantially lower payments as well. On the other hand, if your financial position has improved, you may opt to shorten the term of your loan. Your monthly payments will likely be larger, but you’ll be done paying on your home loan sooner, and that will save more money.
When you refinance, you sometimes have the option to receive cash back. You can use that cash to pay down debt, take a vacation, or fund a remodeling project another expense.
You also may be able to switch from an adjustable-rate mortgage to a fixed-rate mortgage when you refinance. An ARM is dependent on the rise and fall of interest rates, so it’s hard to determine how much you would save with this move, if anything, but you would stabilize your monthly payments.
Mortgage refinancing is often an astute move, but it’s not always the case. That’s why it’s important to work with a mortgage company you can trust. Rely on Academy Mortgage of Reading, Massachusetts, to help you with mortgage refinancing.
Why Choose Us?
Our customers love us because they know we’re here for them whenever they need us. When you work with Academy Mortgage, you know you can come into our office anytime and see a familiar friendly face. You might see us around town in the grocery store or tavern—say hi! We’re members of the local community, but we’re also part of a larger, national network of lenders, which allows us to offer competitive rates and terms. Call or stop by Academy Mortgage today, and find out how we can help get you into the home of your dreams!
CONTACT US for more information about Academy Mortgage, your 1st CHOICE Home Loan Lender!
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