Mortgage Refinancing

Refinancing is taking a new loan with different terms and paying off the existing lien. Some of the reasons for refinancing may include lowering your mortgage payment, shortening your loan term or using the equity you’ve built over time to get cash out of your home with a home equity loan.

Mortgage Refinancing - Save Money When You Can

Deciding if it makes sense to refinance your home depends on several factors, but it starts with this one question: 

What are your goals with refinancing your home? 

Here are some common reasons most homeowners decide to refinance their home loan:

• Lower monthly payments

• Pay off mortgage faster

• Get cash out of your home

• Consolidate your debt (Debt Consolidation FAQ's)

• Use the equity to purchase investment properties

* If you are thinking about refinancing a VA Loan then you will want to look over the VA IRRRL (Refinance) option.

** Don't Forget! If you are a Veteran, Police Officer, Firefighter / First Responder, Teacher, Healthcare Professional, or a Small Business Owner (50 employees or less) then you are eligible for closing cost savings opportunities with the Loans for Leaders Mortgage Program.

Loans for Leaders Mortgage Program

Still want to learn more? Check out our What It Means to Refinance a Mortgage blog article or speak with an expert RMLO (Residential Mortgage Loan Originator) today!

No matter the type of mortgage refinance you are seeking use the refi button below to get started for free and with no obligations.

Refinance Advisor