Refinance Advice


“Now is the time!” is coming from many mortgage lenders’ offices right now. And our team at Kenneth D. Pitts’s First Choice Mortgage Advisors, LLC is shouting it too.

RIGHT NOW IS THE TIME TO REFINANCE!

Mortgage rates are the lowest they’ve been in YEARS. Give our office a call to see if we can help you refinance your loan and get you into a lower monthly mortgage payment! You CAN refinance with us even if we don’t have your current loan.

Want to refinance your loan? Call 610-345-9100 to talk with my team.

Why refinance?

Refinancing allows you to save money. With interest rates being much lower than they were five to 10 years ago, many are refinancing to get a lower rate on the remainder of their home loan balance. Lower rate = less interest paid = lower house payment = more money in your pocket. There’s really not a great reason NOT to refinance.

What do I need to refinance?

Refinancing your home is basically like applying for a new home loan. You’ll need to apply online and enter your information. We’ll need you to provide documentation for things like your income, employment, address history and tax returns. We’ll pull credit to make sure you qualify and work with you to determine the best new mortgage program for you.

Can I change loan companies when I refinance?

You do NOT have to refinance your mortgage with the same company. So for example if you are not currently a First Choice Mortgage Advisors, LLC customer, you can still call our office and apply for a refinance of your current loan through us.

Does it cost to refinance?

The costs associated with a refinance involve an appraisal (if needed for the loan) and any closing costs to process the loan. These are the costs typically involved in a new home loan. There is an option to roll the closing costs into the total home loan amount if needed. We go over all of this so that there are no surprises.

Can I refinance if I don’t have equity in my home (I’m underwater?)

There are a handful of programs that have recently been approved by the federal government that allow homeowners to refinance, even if they owe more on their current mortgage than their home is worth. The HARP program and the FHA Streamline refinance program are both designed to NOT require an appraisal when refinancing a home loan. Call our office to see if you qualify for one of these programs - 610-345-9100.

We highly recommend The Ken Pitts Mortgage Team. Ken and his team were very helpful, honest, and highly dedicated on making sure the process went as smooth as possible. They were always available when we needed them for any questions or concerns regarding the mortgage application, paperwork, or forms that needed to be filled out. What a great team they are! We just can’t thank them enough for everything they did for us!

zuser20151124094228735 on 2019-12-01

Ken Pitts is the best mortgage broker around! He is sincere and loyal to his clients. Ken helped us buy our home in 2018 and then assisted us with a Refinancing Loan in 2019. We're blessed to know him, and would recommend him to family, friends, etc! Thanks for everything, Ken! :-) ~The Hiester Family

zuser20170929065550214 on 2019-10-01

Ken (along with his team) has been my go-to lender since I bought my first home in 2015. I just sold and purchased my second home last week and through the entire process Ken was super helpful. He answered every question I had with a very quick response time. He crunched my numbers every single time something came up within minutes of me reaching out to him. He was so insightful to learning how much was affordable and what numbers we had to hit or couldn't go below. Ken keeps you informed the entire time on the mortgage approval process and guided me through every step. I would highly recommend Ken and his team. I can't say enough or put into words how much Ken helped make buying a home less stressful and seamless. If you are looking for a smart, detail-oriented, informative, insightful, helpful, knowledgeable lender, Ken is your guy.

user1199645 on 2019-12-02

Ken and his team were organized, responsive, and always available. He made our financing process smooth from pre-approval to closing. He was able to prepare both a construction/rehab pre-approval and also conventional financing for our home purchase.

user535898301 on 2019-03-01

We were first time home buyers and it was very scary territory! The second I walked into Ken office Kim made me feel so comfortable! Ken was so great at explaining everything to use and him and Jackie were so thorough and professional! The whole team is so great I would recommend them to anyone!

dowdy kasey on 2018-05-01

Ken and his team we awesome to work with. You all made this process so easy. Thank you for all you did to make our dreams come true. I will recommend them to everyone I know.

dtpaint018 on 2018-02-01

Ken and his colleagues were very easy to work with to finance the purchase of our new house. Everyone was friendly and efficient and Ken was a great resource for questions about the process. He was able to get our pre-qualification letter out the same day we needed it. Once we were under contract, at his recommendation, we locked in our rate at a great time and there was no drama in the closing process. We were able to do all the paperwork online--no messing with fax machines or dropping physical papers off anywhere. We would definitely work with Ken again.

jessifails on 2018-02-01

Ken and his team are a pleasure to work with! He was always happy to help and answer any questions we had and keeping in contact every step of the way.

MMM1117 on 2017-05-01

We only had just over a month for have our loan ready. Ken assured us it would be ready. From start of the process to the closing, the process was seamless. Ken's team was efficient, knowledgable and helpful the enter time. They assisted us with everything that was needed and kept us informed the entire time. I would recommend Ken and his team to anyone needing a mortgage.

LynneFlatleyOliver on 2017-05-01

Ken and his team have been great throughout my house purchase. They are always available and help you understand every step of the process. I would highly recommend!

steviep232005 on 2017-05-01

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