Michael Caires is natural from São Paulo, Brazil. It was in Brazil that he attended college and became a civil engineer. He has always had a passion for everything related to real estate. So, it was only natural that he tried his hand at construction and real estate sales when he moved to the US. Michael found his passion, however, in the lending process. He thrives in assisting people realize the dream of owning their own home. Michael believes in a smooth process and clear communication all the way to the closing table. Michael is married and a father of one, and in his time off, he enjoys cooking and entertaining friends at his home. His Brazilian Barbecue, Churrasco, is said to be some of the best around!!
NMLS ID # 2460010
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If you are looking for a lower rate to ease cash flow or a shorter term to get your mortgage paid off sooner, we can help you make the RIGHT decision.
Getting a new mortgage to replace the original is called refinancing. This process allows the borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, then the newly refinanced loan goes into effect.
It is common for people to refinance when they have equity in their home, which is the difference between the amount owed on their mortgage and the appraised value of the home. In that situation, the borrower has an option to “cash-out” (hence the term cash-out refinance) the value of their home equity allowing them to remodel their home, consolidate debt, pay for college, or other expenses.