What Can Refinancing Do for You?
Get a Better Interest Rate
Lowering your interest rate can decrease your monthly payment, as well as save you thousands over the life of your loan.
Get Rid of Mortgage Insurance
A refinance is also a great way to remove MIP (Mortgage Insurance Premium) from your monthly payment on an FHA loan once you have reached 20 percent equity in your home.
Cash-Out Refinance
This can be used for many purposes:
- Home improvement projects
- Debt consolidation to lower total payments or interest rates
- Paying off solar panels or other energy efficient loans
- Buying out another owner of your property
- Down payment needed to purchase a vacation or investment property
Change Your Loan Program
You may want to switch from an FHA loan to a conventional loan. Or if you have an adjustable rate mortgage it might be best to switch to a fixed rate mortgage for future stability.
Pay Off Your Home Faster
Refinancing doesn’t have to reset your term to a new 30 years. If you have 27 years left, we can keep it at 27. If paying off your home faster is a priority, you can also switch to a shorter term. Depending on the mortgage program, shorter term rates may also be significantly lower than longer term rates. We offer terms from 5 to 30 years.
What You Will Need?
Current Mortgage Statement
Pay Stubs
Tax Returns and W-2’s and/or 1099s
Statement for Current Homeowner’s Insurance
Credit Report (run by us)
What Do You Have To Lose?
Try our refinance calculator and then give us a call to go over the results! We are excited to help you find the best possible option and move you closer to your financial goals.
