Refinance

There are many reasons why a home-owner may wish to refinance their property.

Lower your payment

Many factors can help you lower your payment.

• Have rates gone down? Refinancing allows you obtain current-market rates which may be lower than when you first entered into your loan.
• Is that 10 or 15 year mortgage payment becoming a burden? Is the rate on your ARM set to increase? Refinancing into a favorable loan program with a suitable term can make your payments lower and eliminate payment uncertainty. 
• Have you been working on your credit? Higher FICO scores enable you to get top-tier pricing that may have been previously unavailable to you.

Get rid of mortgage insurance

Many homeowners who originally had less than 20% equity in their property are required to make a monthly mortgage insurance payment to their lender. If your property value has gone up you may be eligible to get rid of or reduce your mortgage insurance payment.

Pay off debt or get cash out

If your home is worth more than you owe, you can use your equity to pay off other debts or to put cash back into your pocket!

Click here for more information on our cash out options.