You may want to consider refinancing your home mortgage if you are interested in paying off high-interest-rate debt, shortening the length of your repayment term for your mortgage, lowering your monthly mortgage payment, looking to free up capital for other investments, or interested in building more equity in your home more quickly.
Read our blog on The Top 5 Benefits for Refinancing Your Home
More often than you might think. The reasons for you to refinance are not only associated with the interest rate environment. There are a number of other factors that you should consider in this decision. Some examples for you to consider are below:
With the wide variety of loan programs available at Wyndham Capital, you may be able to get a mortgage to refinance for free or at minimal cost to you. Plus, you'll start to see immediate savings and won't have to sacrifice your bank account or home equity to get a great rate. To take advantage of our no-cost refinance programs, contact one of our experienced refinance experts about our flexible financing options, or apply online to get matched with a loan program that best fits your goals.
A lower interest rate will save you money if you plan to stay in your home for more than a few years. You can use our easy mortgage calculator to see how much you will save through refinancing. However, even if you don't pick a lower interest rate, refinancing can still save you money by allowing you to roll in higher interest debt, or by giving you the flexibility of an interest-only option.
You should also consider the interest that you’re paying over the life of your loan, as it pertains to your plans for the future. Let our Loan Professionals conduct a free consultation with you to address your goals and present you with options that make sense.
You may be able to remove the need to pay PMI through a mortgage refinance if you meet two conditions:
Yes. Wyndham Capital offers a variety of options that allow you to tap into your home's equity and take out cash. Consult your Wyndham loan officer to find out what the best cash-out refinancing option would be for your needs.
Cash-out refinancing can help homeowners who want to consolidate high-interest, nondeductible debt. Because your mortgage interest rate is likely to be lower than rates on credit cards or other types of bank loans, consolidating debt may reduce your overall monthly debt payments. In addition, your mortgage interest may be tax-deductible, while your credit card interest is not.
Yes, in most cases. However, depending on the circumstances, an appraisal may not be required.
To some, the idea of introducing robots into business brings to mind images of (at best) The Jetsons to (at worst) I, Robot. Some industries readily embraced the idea, while others chose to avoid it. And then… COVID-19 happened, and the world was suddenly forced to digitize and automate. The mortgage industry was no exception. While traditional mortgage lenders rushed to introduce more automation into their processes at the onset of 2020, Wyndham Capital Mortgage (WCM) was already fully up and running. We embraced robotics years ago and have invested in an end-to-end digital mortgage process that takes consumers from loan application to close – all online. How we do it? By implementing robotics, digital platforms and artificial intelligence that streamline our processes and expedite the mortgage loan experience. Our process provides the speed, ease and convenience modern borrowers expect while saving them money now and in the future.
Read More2021 is upon us, and mortgage interest rates continue to drop. It is no surprise that these low rates have piqued the interest of both current and first-time homebuyers. Buying and refinancing when rates are low is very appealing. However, it is important to look at the housing market as a whole when determining how these rates will affect your homebuying and refinancing goals.
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