Most Common Reasons for Refinancing a Home:

• Mortgage Rate Drops

If you own a home for an extended period, there is a high probability that you'll experience a few windows where rates drop low enough to justify a Rate and Term Refinance. A Rate and Term Refinance simply means that you are making a change to the rate or term of the loan, such as dropping from a 30 year to a 15-year note. Our mortgage professionals closely monitor daily rates and future economic patterns to keep our past and current clients in the loop if interest rates fall within their target.

• Lower Payments

Lowering a mortgage payment doesn’t always require a reduced rate. You can achieve a lower payment by lengthening the loan term, consolidating two or more mortgages into a single mortgage lien, or removing mortgage insurance (MI or PMI).

See if refinancing might make sense for you with the below calculator.

• Debt Consolidation

If there is a sufficient amount of equity, sometimes paying off the consumer debts by rolling them into your mortgage can significantly reduce overall monthly debt liabilities.

• Home Improvements

There are several home improvement refinance loan programs available for homeowners with or without much equity.

 

Check out our reviews and learn more today about refinancing your loan and how we have helped others like you!