Centurion Funding Corp


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How much house can I afford?
Mortgage Calculator
 
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Mortgage Amount $
Interest Rate %
Mortgage Length Years
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Payment Amount
Total Interest
What is refinancing?

Refinancing is the process of acquiring a new loan to pay off existing debt from loan proceeds using the same property as collateral.


Why refinance?

1. To save money - Refinancing can save you money by reducing monthly mortgage payments owing to lower interest rates and reducing the term of the loan.

2. To convert an adjustable loan to a fixed loan - When mortgage rates are low many people refinance to obtain the stability and security of a fixed loan.

3. To consolidate debt and replace high-interest loans with low-interest loans -  Mortgage loans are tax deductible, while consumer loans are not. Debt consolidation offers tax savings for many people.


Should I refinance?

This is a complex question. While refinancing may be an excellent option for one person, it may not be for another. Centurion Funding Corp associates are always available to meet with you to discuss whether refinancing is the right option for you. Call today and learn more about how refinancing your home can work for you.
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Loan Information

 

1) State property is located
2) What type of loan do you currently have? VA FHA Conventional (Other)
3) Current Interest Rate
4) Is your loan Fixed/ Adjustable?
5) Number of late payments within past 12 months?
6) Approximately value of your home?
7) How much do you currently owe on your home?
8) How would you rate your credit?
 

Personal Information

9) Name (First, Last)
10) What is your minimum monthly debt payments, not including housing payment
11) What is your monthly mortgage payment
12) What is your total credit card debt
13) Place of employment
14) How long have you been there?
15) Address
16) City
17) State
18) Zip code
19 a) Best phone number to contact you?
19 b) Preferred time to call :

20 a) Alternate contact number ? (Optional)
20 b) Time to call :

21) Email address (Mandatory)
22) How did you hear about us?

23) Comments

 

 

A Loan specialist will analyze your figures, to determine if you qualify for a refinance, and contact you within 6 business hours. If you would like to speak with a loan specialist now regarding your application, you may call 1-800-815-3205.

 

 

Massachusetts License # MC0124

Should you refinance your mortgage?

Whenever interest rates drop, the appeal of refinancing your mortgage grows. But it's important to know the real costs -- and potential savings -- before making a move. To use the worksheet, JavaScript must be enabled on your browser.

Instructions. Just fill in the non-colored boxes with the requested information. As you tab or mouse-click through the boxes, your results will appear automatically in the colored boxes. You can change any of your entries, in case you want to try several different scenarios, but you must tab or mouse-click to another box to update your results.
Information on your CURRENT mortgage
What was the month in which this mortgage originated?
What was the year in which this mortgage originated?
What was the original amount of this mortgage?
What is the term of this mortgage? year
What is the interest rate?
Information on your NEW mortgage
What is the mortgage amount? (The value at right is the calculated amount you currently owe)
What is the term of this mortgage? year
What is the interest rate?
What are your estimated closing costs, including any points paid upfront?

The Results
Your current monthly payment is
Your new monthly payment will be
If you refinance now, your monthly payments will be reduced by
It will take this long to "break even," or recover closing costs on the new mortgage

Mortgage analysis CURRENT Loan NEW Loan
Number of payments made so far
Number of remaining payments at refinance date
Total interest paid as of refinance date
Total unpaid interest at refinance date