Things You Need to Evaluate Before Refinancing Or Purchasing a New Property
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Your Credit Score
At Funding My Real Estate our products are private money but some of them require credit score. Knowing your credit score will help you understand what mortgage options you could be eligible for.
 
Your Monthly Mortgage Payment
Knowing how your monthly mortgage payment fits into your budget will help you evaluate your options. If you're taking cash out or shortening your term, for instance, it's a good idea to know how much wiggle room you have.
 
The Value of Your Home
When you refinance, you will  need to research and estimate how much your house is worth. Lenders will lend will lend on how much your home is worth, so an appraisal value is important. Sometimes an appraised value comes back lower than expected can impact your ability to refinance.