Refinancing Your Home
Give us a call to find out if now is the right time to refinance your mortgage. You may be able to lower your monthly payments or reduce the time it takes to pay off your loan.
Interest Only Mortgages:
- There are no reductions to the principal amount.
- There is no provision for negative amortization.
- Payments may increase up to an amortized amount, but the loan balance itself does not increase.
- Generally, interest-only payments are limited to the first 5, 10 or 15 years of the loan.
- After that, the loan is amortized for the remainder of its term.
THE AMIC DIFFERENCE
Brian Kimmel with AMIC was great to work with on our recent refinance. With the Coronavirus outbreak, we realized mortgage rates had plummeted, and we could better our financial situation by refinancing. We were able to refinance from a 30-year conventional to a 25-year conventional, with only a slight increase in our monthly payment. Brian guided us through our different options. He was very clear and helpful. He was always easy to reach by text, phone, and email. The whole process went really quickly and smoothly. Brian went to bat for us anytime there were hiccups along the way. We were able to get through the entire process, starting with his initial proposals, all the way to closing, in under 30 days. We shaved off 4 1/2 years of mortgage payments by going to a 25-year, and got a 2-month break before the new mortgage begins. This helps not only with our long-term financial goals, but also our short-term finances. We hope to work with Brian again a few years down the road to refinance to a 10 or 15-year mortgage. Thank you Brian, and AMIC!
I just wanted to thank Chase and all of you at Advance Mortgage & Investment Co. for the expertise that you put into refinancing my home mortgage. I reached out to Chase via phone about a mailing I received for a refinance offer. I was impressed with how professional and courteous Chase was; within 1 hour he gave me some options about how to proceed. This process was very fast and I didn't even need an appraisal. I was kept informed the whole way along until the closing. 21 days to go through a refinance process without an appraisal was incredible. This whole process was an all around great deal for me.
Thank you for helping me with my refinance! You made the process seem almost too easy. You were quick to advice me of any documents you needed from me, while keeping the ball rolling on your end. I may not have had a lot of questions, but when I did, I received a prompt response from you instead of waiting hours wondering if I might be doing something wrong. Very helpful, very prompt, and most importantly, friendly and honest. I would definitely send friends [to Shaun Davis] if they are ever interested in any mortgage help.
David Edwards is a consummate professional, he is knowledgeable of his field and extremely courteous and patient with buyers. I will be using his services again for my clients, and I highly recommend him to others who are in the market of purchasing, or refinancing their homes.
I had a great experience with Joe Davis and Advance Mortgage and Investment Company (AMIC). Initially I had contacted three companies to refinance my loan. Joe Davis guided us through the process and was able to use knowledge of the local area. He was very responsive and let us know what to do at each step of the way. I was very glad I picked AMIC.
Thanks to all of you for a smooth refinance. Jacob Bumgarner and the Advance staff are a joy to work with.
Joe Davis answered the telephone when I initially contacted AMIC and naturally expecting to be transferred to someone else, I was quite surprised when he started asking specific questions regarding our financial needs and reason for refinance. Joe was the only person at AMIC with whom I spoke during the entire process of our refinance and was extremely informative about the procedures and financial aspects of our loan refinance. He guided us through the entire process, from application to within hours of our closing. In addition, he took the time to make sure he was meeting our needs and demonstrated his interest in our finances. I would definitely recommend Joe Davis and AMIC for any and all of your financing needs.
I would like to thank Mark DeChance for helping me refinance my home. You made the experience very easy and you were courteous, knowledgeable and kept me well advised during the process. I will recommend you and your company to anyone. Again thanks for the great service.