Express Mortgage & Co. - Providing mortgage loans and information in Maryland

Refinance and Debt Consolidation

We can drastically reduce your interest rate and payment on your current mortgage or home equity loan.

Service

Some are willing to pay more for better service. At our company, we don't believe that you should have to pay a premium for service. Our Company is structured to provide better service, at better prices, without sacrificing the quality of the transaction. Our promise is to get you from point "A" (a simplified loan application process) to Point B (your loan closed and funded) as swiftly, efficiently and painlessly as possible. And we do it all from the comfort of your home. Applying on line, or by phone. Any way you do it , you get a partner-a personal loan consultant-to help you every step of the way.

How much more work? That depends on your individual situation, but for most people it means completing the application yourself and responding to our processing and your assigned personal loan consultant when there is a request for information.

Favorably Helping Consumers get out of debt

Because of the payback terms (i.e. Low monthly payments), it can take up to 25 years to pay off a credit card.
The high interest rates on credit cards can run from15% - 22% which is much higher than mortgage rates.
The interest on consumer credit is not tax deductible while the interest on your mortgage can be tax deductible.
Consolidating credit card debt with the mortgage is sometimes the only way to eliminate this burden.

Debt Financial Planning

After consolidating your credit card debt, the next step is to decide what to do with the savings.
It can be applied to your principle mortgage balance which will reduce the term of your mortgage and accelerate the process of making your home free and clear
The savings can be placed in safe and liquid investments e.g. Life Insurance, Mutual Funds, IRA's etc.
A seperate bank account can be established to place the savings to prepare yourself for retirement.

Put Emergency Cash in the Bank

Mortgage money is the least expensive money available, so if cash is needed, it is best to take it out of your property and put it in your account to be used when needed.
The interest on your money can be tax deductible which reduces the cost of borrowing money.
If you need money for home improvements now or in the near future, refinancing is better than taking a separate home improvement loan.
If you want to build up your bank account, so you can handle day to day emergencies, refinancing may be your best option. Putting $5,000 in the bank doesn't change your mortgage payments much.

Example

Mr./Mrs. John own a home worth $100,000. They have 20 years left on their mortgage. Their monthly expenses are listed below

Before Refinancing:

Account	Monthly Payment	Balance
Mortgage Co.	$600.00	$55,000.00
Auto Loan	$250.00	$10,000.00
Credit Cards	$150.00	$5,000.00

Mr./Mrs. John are currently paying $1,000.00 a month on their bills listed above.

After Refinancing:

Account	Monthly Payment	Balance
New Mortgage Co.	$500.00	$70,000.00

Monthly Savings = $450.00
Annual Savings = $5,400.00
Over 5 years = $27,000.00

Note: If the monthly savings of $450 is applied to the principal mortgage balance, their home will be paid off in 8 years. In addition, they will save 12 years of mortgage payments.

Equivalent to $86,400.00

Financial Assessment

If you know the answerer to these questions; let Express Mortgage Co. pre-qualify you for a financial assessment.

How much is your home worth?
What is your current mortgage balance?
What is your monthly payment?
What is your interest rate?
How long have you worked at your present job
Are you self employed?
May we pull a credit check?

PHONE: 1-888-552-5257