Mortgage Myths

If you’re considering refinancing, you’re probably getting a lot of well-intentioned advice. As a Pan American Mortgage customer, a lot of what you’re are hearing will not apply. Here are the Pan American Mortgage facts behind some of the most common mortgage refinance myths:

MORTGAGE MYTH #1	Pan American Mortgage FACT
It will take at least three months to refinance.	Pan American Mortgage is one of the nation’s fastest lenders. Unlike other mortgage companies we can often fund your loan in as little as two to three weeks.
MORTGAGE MYTH #2	Pan American Mortgage FACT
Refinancing requires me to complete lots of paperwork.	At Pan American Mortgage a Personal Mortgage Specialist walks you through the entire process, explains what information you need to provide, and then fills out all of your paperwork.
MORTGAGE MYTH #3	Pan American Mortgage FACT
You should only refinance when interest rates are at their lowest.	Even when rates are not at record “lows” refinancing makes good financial sense if you can pay off high-interest credit card debts and lower monthly payments.
MORTGAGE MYTH #4	Pan American Mortgage FACT
Refinancing always extends the term of the loan.	Refinancing does not have to lengthen the term of the loan. Pan American Mortgage offers many terms less than 30 years. Some are as few as 10 years.