Mortgage Fitness Checkup - Legacy Financial, Inc.

Give your mortgage an annual once over!

If the last time you looked at your mortgage loan was when you closed on your loan, it’s time to take it out for an annual once over. New mortgage loan programs and opportunities to leverage your home equity can bring you lower mortgage payments and new investment opportunities. Legacy will annually provide a "Mortgage Fitness Check-up" free of charge.

To get started, please complete the fields at the bottom of this page.

Is a fixed rate mortgage the best choice for you?

Many of us opt for the certainty of a 15 year or 30 year fixed rate mortgage when we get our first mortgage. If you anticipate selling your home within the next 10 years, one of our new hybrid loans may be a better financial fit for you. Hybrid loans typically have a lower fixed rate than a traditional 15 or 30 year mortgage. The savings you receive can well be worth switching to a hybrid loan.

Are your taxes and insurance up to date?

Even though your mortgage servicer is responsible for paying your taxes and insurance out of your escrow account, it just makes sense to periodically check to see that these payments are being made properly. While you’re at it, you’ll want to review your homeowner’s insurance policy. It’s a good idea to review your policy every two to three years to make sure it covers recent home improvements, replacement costs for the contents of your home, and that its reconstruction coverage is keeping pace with inflation.

Are you making the most of your home’s equity?

With rising home prices, you may have more equity in your home than you realize. Taking out a home equity loan to payoff credit card debt, car loans and other higher interest debts makes good financial sense.

Is it time to refinance?

The timing might be right to refinance your mortgage loan. New rates may help you significantly lower your monthly payment. Or you might want to “cash out” some of the built-up equity in your home, which you can use to consolidate debt, improve your home, take a vacation - whatever! Perhaps by refinancing you can even pay off your mortgage sooner!

We'll work with you to determine if the timing is right to change your loan program, considering your cash on hand, how likely you are to sell your home in the near future, and what effect refinancing might have on your future plans.

Legacy's "Mortgage Fitness" Check-Up

Please complete as much information as possible, but do not delay
sending the information even if you do not know all of the answers.
To get a complete picture of your needs, we will need to pull a credit
report with your authorization.

Credit Report

*Pull credit report (yes or no):
*Social Security #:
*Date of Birth:

Contact Information

*Name:
*Email:
*Phone:
Work Phone:
Cell Phone:
*Street Address:
*City:
*State:
*Zip:
Co-Borrower's Name:
Co-Borrower's Social Security #:

Purpose of Refinance

Children's Educational funds/needs:
Decrease fixed monthly expenses:
Cash-out refinance:
Reduce overall cost of your loan:
Increase investment account balances:
Buyout of former spouse:

Current loan program

*Fixed or Adjustable Rate Mortgage:
*Conventional, FHA or VA:
*Current home value:
*Approximate loan balance:
*Current interest rate:
*Current terms (15 year, 30 year, etc.):
*Total monthly loan payment:
*Current payment include taxes & insurance?:
Paying Private Mortgage Insurance?:

Employment/asset information

*Employer:
Job title:
*Gross monthly income:
# of years on this job:
# of years in this line of work:
$ in checking and savings:
$ in 401(k):
$ in IRA's:
other $:
Co-borrower's Employer:
Co-borrower's Job Title:
Co-borrower's gross monthly income:

Note: Fields with an * are required