Home ownership can feel like both a pleasure and a curse; it can be both empowering and simultaneously make one feel helpless. Depending on your mortgage situation and your wishes for the future, refinancing is an option that can help lessen the burden of home ownership, and can instead allow you to fully enjoy the benefits.

At HMS Capital we make it our mission to support homeowners in California through the transitional process of refinancing, and since not a single homeowner is alike, we tailor our approach to refinancing based on each individual situation. There are several benefits to refinancing, and one or more of them might personally impact your life for the better:

Lessen Your Monthly Payment

Mortgage debt can be consuming and bog down the average homeowner with stress and financial obligation. One of the primary reasons that homeowners choose to refinance their home is to make their monthly payment more manageable. Lowering a mortgage payment might depend on current interest rates, which tend to fluctuate. However, there are other ways to lower your monthly payment. For instance, you might consider extending the term of your loan or changing the terms of your loan, such as eliminating the expense of mortgage insurance in some cases.

Cash-Out Refinancing

Owning a home is a powerful tool—one that can afford you some freedom with the right help. Using the existing equity in your home, HMS Capital can help you consolidate debt such as credit-card debt or student loan debt, both of which typically have higher interest rates than mortgage loans. Alternatively, you can utilize the equity in your home to take cash out in order to pay for costly remodels or home improvements. The ultimate goal of cash-out refinancing is to help make the most of your investment.

What it Takes to Refinance

There are several factors that HMS Capital takes into consideration when helping individuals refinance. Some factors generally include: the applicant’s debt-to-income ratio; credit score; the current monthly mortgage payment; and the current value of the home. These factors can be complex and complicated; therefore, it’s critical to have the help of the professionals at HMS Capital guide you through the refinancing process from start to finish.

Current
Mortgage
Products

  • 15 YEAR FIXED
  • 3.75% / 3.75 APR
  • Loan amounts up to $453,100
  • No Closing Costs
  • No Appraisal Fees

*Rates subject to change without notice

Current
Mortgage
Products

  • 30 YEAR FIXED
  • 4.25% / 4.330% APR
  • Loan amounts up to $453,100
  • No Closing Costs
  • No Appraisal Fees

*Rates subject to change without notice

HMS Capital Inc. a dba of Best Capital Funding NMLS ID: 303222, CA DBO license #01846368, loans made or arranged pursuant to a California Finance Lenders Law license. Colorado NMLS #303222, regulated by the Division for Real Estate; Florida – License #MLD1214, Ohio – License #SM.502062.000; Oregon – License #ML-5410; Pennsylvania – Licensed as a first mortgage banker by the Department of Baking License #51518; Texas – NMLS #303222; Washington – Consumer Loan Company License #CL-303222