Refinance

Are you thinking about refinancing your mortgage? Your financial needs change over time, so it is important to ensure your mortgage payment options change with them.  We can help you take advantage of low interest rate options and different loan terms to enhance your savings or provide cash-out financing options to take advantage of the cash you need now!

When does it make sense to refinance?

Refinancing your mortgage simply replaces your current home loan with a new one. There are several reasons why refinancing may be the best option for you:

Switch to a fixed-rate mortgage.

If your current mortgage has an adjustable interest rate, you can secure a low fixed rate to reduce the risk of paying more should rates increase.

Pay off your loan faster.

Decreasing your loan term may increase your monthly payment, but this option allows you to save money over the life of the loan.

Use the cash elsewhere.

If you have equity in your home, you can leverage it to pay for home improvements, pay off debt or accomplish other goals.

Lower your interest rates.

When you refinance the balance on your loan at a lower rate, you can reduce your monthly payment and the total cost of your loan.

Secure a lower rate with a higher credit score.

If your credit score has gone up substantially from when you took out the loan, you may qualify for a better rate.