There are a number of reasons you may want to consider refinancing your mortgage:
If rates are low, it may be a good idea to lock in your rate to lower your monthly payments. Be aware that we may never be completely sure when rates will rise, so if you find a good rate, don’t hesitate.
Please note that by refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Now may be a good time to consider refinancing to a fixed-rate mortgage, especially because your ARM may increase to a rate that’s higher than current fixed rate mortgages.
Cash-out refinancing allows homeowners to refinance their existing mortgage by taking out another mortgage for more than is currently owed, and using the equity they have built up in their home to repay the current mortgage. This gives the homeowner access to the equity they have built up in their home, and allows them to put it to good use, such as college tuition, consolidating debt, or making home improvements.
Refinance to lower rates and get cash to pay off your higher-interest debt. When rates are favorable, it’s not a good idea to wait. We will help you take advantage at the ideal time.
A cash-out refinance can dramatically help your financial needs. Use your home equity to your advantage by taking money out of your home and using it where it makes the most sense.
When it comes to getting cash from your home, you have a couple of options. You can get a home equity line of credit or opt for a cash-out refinance. We’ll help you decide which option makes the most sense for your financial and lifestyle goals.
We know it’s confusing, but we’re here to help. Call us for a no pressure conversation about your situation. Every day we help people save money on their mortgage payments through our refinancing program. Contact us to learn more.