Mortgage Myths

Mortgage Myths

MORTGAGE REFINANCE MYTHS - SEPARATING FACT FROM FICTION

Ameriquest Facts on the Mortgage Refinance Process

If you’re considering refinancing, you’re probably getting a lot of well-intentioned advice. As an Ameriquest customer, a lot of what you’re are hearing will not apply. Here are the Ameriquest facts behind some of the most common mortgage refinance myths:

MORTGAGE MYTH #1 It will take at least three months to refinance.
AMERIQUEST FACT Ameriquest is one of the nation’s fastest lenders. Unlike other mortgage companies we can often fund your loan in as little as two to three weeks.

MORTGAGE MYTH #2 Refinancing requires me to completelots of paperwork.
AMERIQUEST FACT At Ameriquest A Personal Mortgage Specialist walks you through the entire process, explains what information you need to provide, and then fills out all of your paperwork.

MORTGAGE MYTH #3 You should only refinance when interestrates are at their lowest.
AMERIQUEST FACT Even when rates are not at record “lows” refinancing makes good financial sense if you can pay off high-interest credit card debts and lower monthly payments.

MORTGAGE MYTH #4 Refinancing always extends the term of the loan.
AMERIQUEST FACT Refinancing does not have to lengthen the term of the loan. Ameriquest offers many terms less than 30 years. Some are as few as 10 years.