TheCarmelValleyLife.com
SamuelScottFG.com
The term REFINANCE can be misleading. It doesn't involve re-working an existing mortgage, but rather taking out a brand new loan. Basically, you will be paying off the old loan with a whole new loan. Which means the refinance process will be very similar to the one you went through when getting your original mortgage.

In this video, Julie Grove Miller, a Mortgage Advisor at Samuel Scott Financial Group, explains how to know when refinancing is a good idea. Julie has been originating home loans since 1989 and has many returning clients come back to discuss refinancing their mortgage. They are looking for an expert opinion on whether or not to refinance their loan and to understand the overall impact it will have on their finances.

Refinancing typically occurs when mortgage interest rates drop significantly, but borrowers with recently improved credit scores (from paying off credit card debt, making mortgage payments on time, etc.) are often candidates for better interest rates as well.

In short, you Should Refinance if...

Interest Rates have decreased since you took out your current Mortgage
Your Credit has improved since you took out your current Mortgage
When you sit down with a professional financial consultant, like a Mortgage Advisor from Samuel Scott, they will run a comprehensive analysis and let you know if you could save money by refinancing. A lot of time homeowners are only aware of what is going on with interest rates, but there are other factors that can impact your costs. A Mortgage Advisor will look at things like closing costs and pre-payment penalities that might be attached to your current loan. They can lay out scenarios that will shorten the length of your loan or extend it, so you can clearly see all of your options and make an educated decision.

With interest rates at record lows, the vast majority of homeowners will find that a refinance does make sense. They are taking advantage of the current market and using the refinance to better their overall financial health.

Here are the Top 5 Reasons Homeowners Refinance

To Save Money on Interest Payments
To Lower Monthly Mortgage Payments
To Consolidate Other Debt
To Invest in Home or Life Projects
To Adjust the Term of their Mortgage
Want to learn more about Refinancing? Keep reading!

7 Expert Tips for Refinancing a Home Loan
Refinance Your Mortgage for a Lower Rate and Payment Reductions
VIDEO: When to Refinance your Home Loan for Better Rates
How to Improve Your Credit Score & Lower Interest Rates
Want a professional analysis of your current mortgage? Our Advisors would be happy to help you determine whether or not it make sense for you to refinance.

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Married. Julie loves to cook, travel the world (or maybe just wine country) sail with her husband Ben, especially bare boat charters in the British Virgin Islands

Julie Grove Miller has been originating mortgage loans since 1989. She developed her business over the years through referrals from realtors, CPAs, financial planners, loyal clients as well as her friends and family.

Julie feels strongly that mortgage financing is a relationship business and as a result takes great pride in the fact that the majority of her clients have come back time and time again for her assistance as their lives change and their families grow.

The mortgage industry has changed and evolved greatly over the years. As a result, Julie continues to seek out new ways to assist her clients in making the best and most informed choice in mortgage products.

Samuel Scott Financial Group is a boutique mortgage company recognized for superior customer satisfaction and the way they tailor the residential loan process to every individual client. Todd "Samuel" Pianin and Brian "Scott" Reynolds founded the company on the principles of long lasting relationships, and a sincere honest approach to every single individual we serve. Consistent and reliable, Samuel Scott Financial Group has been selected as The

Best Mortgage Company in San Diego for the 5th straight year by readers of local publications.

President: Todd Pianin

Vice President of Sales: Russ Schreier

Mortgage Advisors: Christian Alvarez, Dean Brown, Mark Buchanan, Mitch Palmer, Brian Reynolds, Debra Roberts, Mark Robertson, Alex Scoma, Brian Shaw, Keith Sims, David Talbott.

Samuel Scott Financial Group is licensed by the CA Dept. of Real Estate license #01458652 and NMLS identifier 235584. ©2011 Samuel Scott Financial Group. All rights reserved.

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