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.
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
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.