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Jeff Bedatsky

Mortgage Specialist

Direct: (602) 460-1527

Office: (602) 870-5522

Fax:     (623) 516-1557

 

Lion's Gate Mortgage

7325 N. 16th St #100

Phoenix, Arizona 85020

BK# 0906403

 

 
"My commitment to excellence and superior customer service is helping homeowners realize the American Dream every day. I can help you too."

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Welcome!
My success as a loan officer has come in large measure from a relentless commitment to providing you with the finest mortgage lending services in the country. And I've prepared this website with that same degree of commitment. Spend some time surfing through the information in each section. They're packed with valuable information to save you time and money and guarantee that the home-buying process remains a pleasant experience!
Take advantage of the many tools and resources available on my website. That's why they're here. And feel free to contact me with any question you may have regarding the mortgage lending process. That's why I'm here.

                                                                               Jeffrey Bedatsky   loan m\

I want to start off with the most often question I get asked...What is the benefit of refinancing? - For many people, refinancing their home can help them save a lot of money every month. There are two types of refinances. One is a cash-out refinance. This can be used to pull equity from your home, or to pay off debt. The other type of refinance is a rate and term refinance, where you change your interest rate or loan program.

Many homeowners refinance to pay off their mortgage in shorter time with almost the same monthly payments. This is usually done by refinancing a 30-year mortgage with a new 15-year or 20-year mortgage with a lower interest rate.

If you are refinancing to take cash out to pay off high interest credit cards, then the refinance is a benefit to you. The credit cards could take years to pay off, and the interest on the cards is not tax deductible. The mortgage interest on the other hand is tax deductible, saving you even more money than just your credit card monthly savings.

Refinancing can benefit you if you need to get cash in order to do a remodel or any other home improvement. Refinancing your current mortgage could save you thousands of dollars in interest payments over other more expensive credit sources available.

If you refinance to a lower interest rate you benefit from monthly cash savings. These monthly cash savings can be used to invest for your future further increasing the benefits of the refinance.

You can also pull cash out of your home to use as a down payment on a property you plan to rent, which will usually reduce your interest rates when purchasing cash flow properties.

Refinancing can also maximize the money that you are spending every month. If you are able to lower your term and keep your payment relatively close to what you are paying now, you will be accomplishing more for the same amount of money.

Just remember that if you pull out more than $100,000 beyond what a home-improvement project costs you may not be able to deduct the interest on your taxes. Always consult a certified professional before making major decisions

 

 

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