Refinance Mortgage Flushing, NY

Refinance Mortgage in Flushing, NY

Signs You Should Consider Investing in Queens County Refinance Home Loan

If you’re thinking about taking out a Flushing, NY refinance mortgage, get in touch with the best refinance company in Queens County: Jet Direct Mortgage. As a leading refinance home loan and reverse mortgage lender, our team of licensed, certified loan officers are committed to helping homeowners throughout the area secure the lowest refinance rates possible. We offer several different mortgage programs and will assist you with choosing the best option to suit your specific needs. If you’re interested in a refinance home loan, for the best mortgage refinance rate possible, get in touch with an industry expert: Jet Direct Mortgage!

Signs You Should Consider Taking Out a Refinance Home Loan on Your Queens County House

If you own a home in Queens County, there’s no doubt you’ve been hearing the buzz about low-mortgage refinance rates. You may even know someone (or maybe a few people) who have taken out a refinance home loan, and you may be wondering if you should, too. How do you know if a refinance home loan is a good option for you? Here’s a look at some key signs that you should consider a Flushing, NY refinance mortgage.

Ready to Start the Mortgage Process?

You Want to Reduce Your Monthly Payments

If current refinance rates are lower than the rate on your existing mortgage and you want to lower your monthly payments, a Flushing, NY refinance mortgage may be the right option for you. Interest accounts for a large chunk of the amount you pay toward your monthly mortgage payment. Therefore, by rolling your current loan into a new loan with a lower rate, you could save a good bit of money. For example, if your current interest rate is 6% and you take out refinance home loan with a 3% interest rate, you could see sizable savings in your monthly expenses.

You Have a Healthy Credit Score

The better your credit score, the better your mortgage refinance rates will be. In order to secure a good rate, your credit score will need to be either very good (between 740 and 799) or exceptional (800 or higher). If you haven’t taken a look at your credit score in a while, you can do so easily, for free, and as often as you’d like. The common misconception that frequently checking your credit report will have a negative impact on your sore is just that, a misconception. You can check out your score on one of the three major credit bureaus, or you can use sites like Credit Karma.

If it seems like your score isn’t as high as it should be or it won’t be enough to land you a good rate on a Flushing, NY refinance mortgage, there are some things that you can do that may be able to help bump up the number quickly. For example:

  • Check for errors and if you spot any, contact the credit bureau that issued the report to dispute them.
  • Pay off your credit card debt – or at least pay it down as much as possible. Doing so will reduce your credit utilization, the percentage of the credit that’s available to you that you’re currently using.
  • Pay all of your bills in a timely manner. If a payment is received just one day past the due date, your credit score could take a hit.

You Want to Switch from an Adjustable-Rate Mortgage to a Fixed-Rate Loan

When you first bought your Queens County home, an adjustable-rate mortgage (ARM) may have seemed like a good idea and for a few years, it may have saved you money on your monthly payments. However, once the fixed period on your ARM comes to an end, the interest rate on your loan could go up, and you could end up having to pay out significantly more on your mortgage payments. Though the fixed rate on a Flushing, NY refinance mortgage may be higher than your original ARM, you’ll be able to avoid rate increases in the future. Furthermore, given the fact that current refinance rates are at historic lows, you could end up saving quite a bit over the life of your loan.

You Want to Access the Equity in Your Queens County Home

If you’re looking for a cost-effective way to secure funding for a new car, a home improvement, a vacation, to pay down debts, or for any other reason, a cash-out refinance loan is definitely an option to consider. With this type of Flushing, NY refinance mortgage, as long as you have accrued at least 20% equity in your Queens County house, you can withdraw the equity in your home. For instance, if your home is valued at $400,000 and you only have $100,000 left on your existing mortgage, you have $300,000 of equity that you can borrow against. You could then opt for a cash-out refinance for $25,000 of the equity in your house and your new refinance home loan would be $125,000.

Looking for a Reputable Company that Specializes in Refinance Mortgage Near You?

If you’re interested in a refinance home loan and you’re looking for a company that you can count on to assist you with securing a low-interest rate, get in touch with Jet Direct Mortgage. To find out more about the Flushing, NY refinance mortgage process and how we can assist you with the process, give us a call at 1.800.700.4JET or check out our website at https://www.jetdirectmortgage.com/.


Some information about Flushing, NY

Flushing, NY, is a vibrant neighborhood located in the borough of Queens. Known for its rich cultural diversity, Flushing offers a unique blend of communities, prominently featuring a large Asian population, including Chinese, Korean, and Indian residents. This multiculturalism is reflected in the area’s bustling streets, filled with an array of ethnic restaurants, shops, and markets that offer a variety of international cuisines and goods.

Flushing is also a major commercial and transportation hub, with the bustling Main Street serving as its central artery. The neighborhood boasts a mix of historic landmarks, like the Flushing Town Hall and the Queens Botanical Garden, alongside modern developments such as SkyView Center. Flushing Meadows-Corona Park, home to the iconic Unisphere and several major sporting venues, provides ample green space and recreational opportunities. With its dynamic atmosphere, rich history, and convenient access to public transit, Flushing is a lively and integral part of New York City.

Flushing, NY Brief History

Flushing, NY, founded in 1645 by Dutch settlers, has a rich history that reflects the broader narrative of American development. Originally named “Vlissingen” after a town in the Netherlands, it was one of the first settlements in New Netherland. Flushing is notable for its early commitment to religious freedom, epitomized by the Flushing Remonstrance of 1657, a petition against religious persecution that prefigured the principles of the First Amendment.

During the 19th century, Flushing evolved from a rural village into a suburban community, spurred by the arrival of the railroad in 1854, which connected it to Manhattan. This period saw the development of elegant residential areas and the establishment of landmarks such as the Flushing Town Hall (1862) and St. George’s Church.

In the 20th century, Flushing underwent significant urbanization. Post-World War II housing booms and the construction of major infrastructure, including highways and the extension of the subway, transformed Flushing into a dense urban neighborhood. The 1964-65 New York World’s Fair, held in Flushing Meadows-Corona Park, further accelerated development and drew international attention.

Today, Flushing is a vibrant and diverse community. Its growth has been fueled by successive waves of immigrants, particularly from Asia, who have shaped its cultural and economic landscape, making it one of New York City’s most dynamic neighborhoods.

Learn more about Flushing.

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