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!

Contact our team. Our experienced and trusted loan officers will work to find the best options available to you.

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.

Fixed-Rate Mortgages

Refinance with a fixed rate to pay the same monthly payment for the entirety of the loan.

Features of our fixed-rate mortgages include:

  • Fast turnaround on application
  • No application fees and no pre-payment penalty fees
  • No point option available
  • Not subject to rate fluctuations
  • Competitive Rates

Adjustable-Rate Mortgages

A good alternative for anyone that will need a lower monthly payment to start. Features include:

  • Fast turnaround on application
  • No points, no application fees and no pre-payment penalty fees
  • Protective rate caps
  • Competitive rates

Investment Property Mortgage

Are you looking to refinance your investment properties? If so, we’re focused on investing in you.

At Cornerstone Bank, our 1–4 family investment mortgage can help you purchase your first rental property or add to your portfolio.

Please contact one of our Mortgage Lenders for additional information or click apply today!

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