Shopping for a home in Louisville is exciting, but shopping for a home loan can be stressful—unless you work with Academy Mortgage! Our mortgage loan lenders are devoted to helping Louisville residents purchase the home they want, and we put this dedication to work for you.
We know you have options when it comes to mortgage companies, and that’s why we pour so much time and effort into providing exceptional customer service to all our clients. We’re not just some faceless voices on the phone—our mortgage loan lenders are members of the Louisville community, and this helps us to build trust with our clients.
Come in and see our mortgage lenders today and find out why we’re Louisville’s preferred mortgage company.
When you’re thinking of buying a home, you want options. At Academy Mortgage of Louisville, we offer homebuyers up to a dozen home loan programs so that they can choose the one that fits their needs best. Whether you’re a first-time homebuyer, a low-income mortgage applicant, a veteran, or a homeowner looking to refinance, our mortgage company can help.
We love helping prospective homeowners realize the American Dream of homeownership in Louisville. Contact us today.
When should you refinance your home loan? It can be hard for homeowners to be sure.
Generally speaking, if interest rates fall a full percentage point below the interest rate you have now, mortgage refinancing is worth it. Because you will have to pay closing costs each time you refinance, you don’t want to do it too often. But don’t let the cost deter you from refinancing—closing costs can usually be rolled into the new home loan.
Another reason many Louisville homeowners consider mortgage refinancing is when the special interest rate on their ARM (Adjustable-Rate Mortgage) is about to expire. Homebuyers who must stretch their finances to buy a home sometimes choose an ARM because the interest rates are lower. But they’re only lower for a specified period of time—ranging up to 10 years.
Once this initial fixed period is up, your interest rate could rise, increasing your monthly mortgage payments. It can bea good idea to shop for mortgage refinance loans before this expiration date.
Some Louisville homeowners opt for mortgage refinancing to change the term of their loan. If your financial circumstances have changed, mortgage refinancing could help significantly. For instance, if you’re in your tenth year of a 30-year mortgage, suffer a setback, and refinance for another 30 years, your payments could drop dramatically.
Conversely, if your financial situation has improved, you could save money over the life of your home loan if you shorten your loan term to 10 or 15 years and make higher monthly mortgage payments.
One of the most frustrating parts of buying a home is waiting for mortgage approval. But at Academy Mortgage in Louisville, we keep the processing, underwriting, and funding local, so it goes much faster. That means you can move into your new home sooner!
Additionally, because our mortgage company has locations nationwide, you get the benefit of working with a mortgage lender that’s part of a large network, so we can offer you the lowest interest rates available.
For the most options for home loans and the best customer service in Louisville, choose the mortgage brokers at Academy Mortgage.