Spotlight - Charlotte Brown Ramos

 About Secretary - Charlotte Brown Ramos.

Charlotte is a FirstBank Virgin Islands mortgage banker and has received numerous award recognition for her performance in this regard.  Not only does she assist people in achieving their dreams of homeownership, she also structures loans that allow the homeowner to meet personal financial goals, i.e. debt consolidation for the improvement of cash flow, cash for home improvements, educational pursuits, etc.  Why would I want refinancing?

A lot can change over the period of a credit agreement. For instance, a mortgage can have terms lasting for 25 years. Anything can happen over that length of time.
You may have paid off a large chunk of your finance agreement and have built up some equity in your asset (such as your home, auto, boat etc). Refinancing will allow you to make the most of this equity stake by borrowing more money on your asset via a remortgage.
If you had an introductory rate with an agreement, you may want to refinance to access a different, more favourable rate. One example of this is a loan refinance, where you are likely to consolidate a number of loans, paying the originals off with a new loan at a more favourable interest rate.

The reasons for wanting to refinance are plentiful and you can be rest assured that Responsible Refinance are there to help should you have any questions about the refinance process - no matter what stage of enquiry you are at.

What are the advantages of refinancing?

In recent times, interest rates have never been so low as they are at the minute. The rate that you were offered when you took out your finance may be very different from what is available on the market now. Many home owners are looking to refinance their mortgage to take advantage of these incredibly low rates.

If the interest rate that you are locked into suddenly becomes much lower, you will find that your monthly payments can be greatly reduced. This means extra cash in your pocket in this time of recession.

Alternatively, you can keep your monthly payments the same as before, with the difference being that you are paying more to the principal sum of the loan rather than simply paying off the interest. With this method, you will find your equity stake improving rapidly and with the right loan refinance deal, you could change the terms of your arrangement so you can be mortgage or loan free in 15 years instead of the original 20.

How Can I Refinance?

Here at Responsible Refinance, we take the headache out of refinancing and have a dedicated team who find the most competitve deals and interest rates, using only the most responsible companies. Contact us and we will find you the right deal to make your life cheaper and easier - giving you more cash in your pocket and more equity in your assets.

While doing so, she is committed to providing clients of all demographical definitions with the highest level of service, integrity and professionalism.

Here's what Charlotte had to share:

"Real estate could possibly be the biggest investment of your life. Most of us don't expect to become wealthy from bank savings as inflation can and has practically destroyed that expectation.  Investing into real estate provides a good opportunity to accumulate wealth for the future. Almost everything else you buy such as cars, furniture, and appliances, starts to depreciate once you buy it. But real estate has outperformed the rate of inflation.  Most properties will appreciate in value over the long term. And even though the house you find today may seem to have a ridiculous price tag, the cost will likely be much higher in the future.  I have heard many suffer from 'I could have bought this land/house/condo 10 years ago for half what it costs now.'  Investing in real estate is never too late.  Furthermore, in real estate, not only do you profit from your own savings but also from the borrowed money of others.   Financing real estate through the bank allows you to use a small amount of cash to purchase a large property investment.  When you're interested in applying for financing towards your real estate investment, something called "good credit" is a must. Getting good credit could be a catch-22 because it's hard to get credit if you don't already have it. However, there are ways in which you can build a credit portfolio - apply for a secured credit card or a secured personal loan.  You need to build good credit over time so that you can qualify for larger loans when needed. Without a credit history, lenders do not know whether or not they should give you money because they can't tell if you are a responsible debt-payer or a bad risk. You need to build good credit in order to prove you are creditworthy. Not only do I advise clients along the mortgage process, I provide prospective clients with the information on how to start."