Homeside Financial - February 2020

NMLS #111660

February 2020

1051 13th St. SE, Hickory, NC 28602 • 828.229.7877 •

The One-Stop Shop


N ot too long ago, I was speaking with a former client who was looking at working with us again to buy an investment property to rent out. Through the course of the conversation, I learned that between the time he had bought his home and then, he had refinanced his house through another lender. I asked himwhy he hadn’t come to us to refinance his home, and he gave me a confused look. He didn’t know we refinanced homes. It turned out he had received some solicitations about refinancing that looked like they were coming from us but were actually coming from a different lender. After he checked out some of their interest rates, he went ahead and refinanced his home

While many of you probably know what the process of refinancing your mortgage is, for those of you who might be a little bit fuzzy on the subject, refinancing is the process of replacing your existing loan with a new one. Some people do this to lower their monthly payment, to reduce the length of their loan, to lower their interest rate, or for a number of other reasons. At my office, we can offer our clients several different refinancing options, including cash- out refinancing and rate and term, among others. While refinancing can be a good option for some homeowners, it’s not the right move for everyone. Depending on howmany years you are into paying off your mortgage, the costs of refinancing might outweigh the benefits. In fact, I probably talk more people out of refinancing

“If you have any questions, or you think that refinancing your home could be beneficial for you, talk to us first. We’ll give you the honest assessment that you deserve.”

about the pros and cons of refinancing in your particular situation. We can be your one-stop shop for all your home financing needs whether you’re a first-time homebuyer or a seasoned homeowner. If you have any questions, or you think refinancing your home could be beneficial for you, talk to us first. We’ll give you the honest assessment you deserve.

through them. He was incredibly apologetic after he told me. He said if he had known Homeside Financial refinanced homes, he would have come to us to refinance instead. I told him it wasn’t his fault. After all, it’s our job to let our clients know about the full extent of services we offer. It’s become apparent recently that many of our current and former clients thought we only financed first-time homebuyers and new construction projects even though that’s not the case.

than I do into it. At the same time, a lot of lenders out there take advantage of homeowners who don’t fully understand the refinancing process by promising them lower interest rates but tacking on outrageously expensive fees. If you’ve worked with Homeside before, you know we’ll always take the time to give you the information you need to finance your first home. Know that if you’re thinking about refinancing your home, you can trust us to give you straight answers

-Jamie Harrington



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