Don’t miss Shred Fest 2023, live on the rooftop patio at Consumers Financial Mortgage! This FREE event features 3 Bands, free food, and Shred-It! Come destroy your stuff and listen to live music from: • Jon Bean&the Eyerollers 12-1:30 • Blood Moon Majesty 2:00-3:30 • Folk Hogan 4:00-6:00 Shred-it will be shredding old documents (10 box maximum) at this free community shredding event from 11AM – 3PM with live music playing from Noon-6:00PM. Consumers Financial Mortgage 2834 S Highland Dr, SLC UT 84106.
Matt Stout started Consumers Financial Mortgage in 1995 with the vision of helping homeowners save money. Since that time, he has worked to perfect the art of understanding mortgage customers and their financial goals. Using what he calls his “Mortgage Map”.
Matt creates options based on his client’s financial goals to better guide them to the best viable options. In his spare time he enjoys creating new recipe ideas, traveling, and spending time with his family.
Matt is THE master chef when it comes to mortgages – but he’s no slouch in the kitchen either! From money management tips to culinary tricks, Matt’s got you covered. Tune in for mouth-watering recipes and mortgage advice you can trust!
You can't get a lower interest rate: If your goal is to reduce your interest costs, right now isn't the best time to refinance. You're likely to end up with a higher rate, plus you'll need to cover closing costs on your new mortgage.
Cash-Out Refinance: You will make monthly payments over an agreed-upon loan term.Reverse Mortgage: You are not required to make fixed or monthly payments during the life of the loan. Instead, the loan is usually repaid in full or refinanced when you sell your home or pass away.
For most borrowers, the ideal time to refinance is when market rates have fallen below the rate on their current loan. If you want to refinance now, calculate the break-even point so you'll know exactly how long it'll take to reap the savings.
You have a greater risk of losing your home: A cash-out refinance increases your mortgage balance. Failing to repay the loan means you could wind up losing it to foreclosure.
A reverse mortgage isn't free money: The borrowing costs can be high, and you'll still need to pay for homeowners insurance and property taxes. Reverse mortgages can also complicate life for your heirs, especially if they don't want the home or the home's value isn't enough to cover what's owed.
Today's cash-out refinance rates are still near historic lows. However, these rates can be as much as 0.5% higher than a traditional mortgage refinance since you're tapping your home equity.
You might want to consider refinancing your mortgage in 2024, especially if you got your mortgage in the last year and interest rates fall, or your specific circ*mstances call for a new loan.
Refinancing allows you to lengthen your loan term if you're having trouble making your payments. The downsides are that you'll be paying off your mortgage longer and you'll pay more in interest over time. However, a longer loan term can make your monthly payments more affordable and free up extra cash.
Rates could continue to decrease if inflation cools, but don't expect a huge drop this year. According to the Mortgage Bankers Association's latest forecast, mortgage rates may fall to 6.5% by the end of 2024. Waiting until 2025 could be your best bet if you want to snag even lower rates.
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Introduction: My name is Ray Christiansen, I am a fair, good, cute, gentle, vast, glamorous, excited person who loves writing and wants to share my knowledge and understanding with you.
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