Choose Your Refinancing Goal

Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. Regardless of the reason for refinancing, the mortgage consultant will need to know what the existing loan scenario entails. Our experienced loan consultants will review the homeowner’s long-term goals and provide a comprehensive spreadsheet that outlines various loan programs that will provide noteworthy benefits to the homeowner.

Rate and term refinance

Refinancing your mortgage at a lower interest rate could drastically reducing your payment and saving tens of thousands of dollars in interest. Lowering your mortgage payment could also free up hundreds of dollars per month that could be saved or invested.

Cash-out refinance/Debt consolidation

It may make sense to cash out some of your home equity to payoff your other debts in high interest rates or to buy an investment property.

Refinance to shorten the term of your loan

If you have a 30-year mortgage, now may be a great time to consider refinancing. With record low interest rates, you may find that a 15-year mortgage is not much more expensive than the 30-year loan payment you have been paying.

Refinance from an adjustable-rate to a fixed-rate loan

If you currently have an adjustable-rate mortgage, now may be the perfect time to refinance into a fixed-rate loan. Interest rates are low now, but they may not stay this low forever. Locking into a low, fixed rate can protect you from rising interest rates in coming years. Additionally, a fixed payment is easier to plan for and budget.

Rate Watch

Our RATE TRACKER provides you the ability to target your interest rate and we’ll notify you when rates reach your goal or current rate information with market update.