'Cash-In Refi' Loans From Shore Mortgage Provide Tangible Net Benefits to Homeowners Who Want to Reduce Monthly Payments, Shorten Terms and Receive a Return On Investment

Oct 08, 2010, 14:37 ET from Shore Mortgage

BIRMINGHAM, Mich., Oct. 8 /PRNewswire/ -- Robert Rahal, President of Michigan-based, Shore Mortgage, today outlined the availability of a mortgage refinancing option titled "Cash-In Refi." The program allows for the homeowner to pay a sum down on their mortgage and refinance at a lower interest rate while shortening term length and reducing monthly payments. By investing a lump sum cash payment on the loan, the ultimate benefit of the program is a return on investment that is far greater than the current rate of return at banks and financial institutions.

Explained Rahal, " With the current low mortgage interest rates, this is a 'perfect storm' of positive opportunity for the homeowner who has savings in the bank, is current on the mortgage but wants to reduce monthly payments and length of loan term. We are confident this program is a fiscally responsible step for the consumer."

"We have been working directly with CPAs, attorneys, realtors and financial planners who are currently advising their clients about their year end (4th quarter) financial management issues, added Rahal. "This new program at Shore provides the consumer with the tools to better control monthly expenses and their economic future. By paying down the principal with "Cash-In Refi", our clients can realize several long-term advantages. The Shore Mortgage personal service consultation and application process is simple and convenient addressing time sensitive requirements and specific needs for the applicants."

Shore Mortgage is a multi-faceted mortgage services company conducting business in Michigan for over 25 years. The firm has grown into a company with 360 employees servicing approximately 2000 applicants monthly, 24,000 per year applicants. Earning its place in the national marketplace, Shore Mortgage is listed as one of the top FHA lenders in the country with eight locations nationwide and a loan officer network of over 80. The company also has a wholesale division, United Wholesale Mortgage, doing business in over 40 states.

For further information concerning Shore Mortgage and the "Cash-In Refi" program, please visit the website at www.shoremortgage.com; telephone 248.433.3300.

SOURCE Shore Mortgage