Refinancing Loan Options
What is mortgage refinancing?
There are many reasons people refinance their mortgage, but the most common are to either save money on their monthly mortgage payment or reduce their interest rate. Some people also take advantage of refinancing to shorten the length of their mortgage or to access some of the available equity in their homes to cover other expenses. Regardless of your reasons for refinancing, it’s important to weigh all your options to arrive at a strategy that makes the most sense for your personal financial goals.
What are some good reasons to refinance your mortgage?
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- Lower your payment
- Take cash out to pay off high interest debt or improve your home
- Pay off your loan faster
- Get a low rate for the life of your loan
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Refinancing Loan Options
We provide the flexibility you need to consider refinancing your mortgage. We have loan products for primary residences, second/vacation homes and investment properties. Here are our most popular offerings:
The lowest monthly payments for at least the introductory period of the loan
Your rate never changes for the life of your loan
Current FHA borrowers can do a streamline refinance without an appraisal
Option of fixed-rate or adjustable-rate (ARM) loans
Set your own payoff date
Keep the low rate on your first mortgage
Have cash to make home repairs, consolidate debt & more
Reduced origination fees
Can be fixed or adjustable-rate loans
Eliminates the need for secondary financing
No prepayment penalties
Competitive rates on fixed-rate loans
Flexible qualification guidelines
No mortgage insurance requirement
Flexible qualification guidelines
Have good credit
Possess the funds for the required down payment
Have good credit
Don’t have the funds available for a larger down payment
Would like your loan to sync up with a specific date, like your retirement
Are consolidating debt or other important costs
Possess substantial cash reserves
Are looking to invest or diversify your investment portfolio
Want to avoid multiple loans
Don’t have the required funds for a down payment
Are the surviving spouse of a deceased service member who lost their life in military service
*By refinancing your existing loan, your total finance charges may be higher over the life of the loan.