Main Line National Mortgage, Inc. - Paoli, PA

Main Line National Mortgage, Inc.
3 Beryl Road Paoli, PA 19301-1701
Toll Free Phone: (877) 876-3600
Phone: (610) 296-3600
Fax: (610) 889-2016

Get the best mortgage loan for you!

When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you. Once you apply for a mortgage at Main Line National, you will never have to search for financing again. At Main Line National, we only employ loan officers that are honest, knowledgeable and experienced. Combined with our highly skilled processing and underwriting staff, our clients get the best service possible. We value and respect our customers, which is a noticeable difference in today's Internet driven world. At Main Line National Mortgage, we provide you with excellent service whether you are a seasoned mortgage shopper or not. Please feel free to call us any time for a free consultation to determine which of our products best meet your financing needs.

Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.

WHEN SHOULD I REFINANCE?

Knowing exactly the right moment to refinance your mortgage is as difficult as trying to predict the weather. That is precisely why many experts suggest if you find a good deal that saves you a significant amount of money, it is probably not worth try to beat it by trying to predict the mortgage rate market.

What rate would you need before refinancing makes sense? That depends largely on your current interest rate, amount of principal paid off, and the fees to refinance. Refinancing your mortgage isnâ€™t a free process. You need to take into account the various fees involved in the refinancing process.

How long you plan on staying in the house you are refinancing needs to be taking into account. Are you planning on staying in your home a short or long period of time? Youâ€™ll need to choose between a fixed-rate loan (longer term) or an adjustable-rate loan (shorter term), and whether or not you will be charged a prepayment penalty if you pay off the mortgage early on longer stays.

Every loan applicant should request a breakdown of the various fees you will be charged to refinance your mortgage. When you refinance a mortgage, you should expect to pay in upwards of two to three percent of your total loan amount in application fees, title insurance, title search, lender fees, etc.

Once youâ€™ve received a deal, you need to decide if refinancing is worth it. Simply divide the total up-front costs by the savings you will receive monthly with your new mortgage. Your next step should be to determine how many months it will take to break even on the deal. If you find that it will take three years to break even and you see yourself moving out of the house in two years, refinancing your home simply does not make sense. However, if it takes three years to break even and you find that you can see yourself living in that home for a decade or so, then your best bet might be to accept that deal.

Remember to compare prices and rates, and to be very weary of offers that seem too good to be true. Also take note that different things will factor into the rate you will be offered like your credit or FICO score, loan amount, etc.

Please feel free to call us any time for a free consultation to determine which of our products best meet your financing needs.

Copyright Â© 2009 Main Line National Mortgage, Inc.
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