There are many reasons for refinancing your home. Refinancing your mortgage can be used to reduce monthly payments, consolidate debt, or access home equity. We are here to listen and help achieve your goals!
- Lower Payment: Reduce your monthly payments by lowering your interest rate. It is great for saving, reinvesting the savings, planning for retirement and improving your financial security.
- Take Cash Out: Leverage your home's equity and consolidate your debt. Or use the equity to renovate your home or reinvest in a new property and other investments.
- Shorten Loan Term: Payoff your loan sooner by lowering your loan term. This is great for saving thousands of dollars in interest over the life of the loan and becoming mortgage-free!
You have a higher interest rate than the current market or you are looking to shorten your loan term. Maybe you need cash or want to consolidate debt. Or use a renovation refinance to update your home.
There’s a lot less stress and usually allows for reduced documentation. Sometimes appraisals are not even required.
Usually 6 months after your home purchase or prior refinance.
So long as there is a net tangible benefit, there’s nothing holding you back.
Need a 620 credit score and all repairs/improvements must be permanently attached to the property. A HUD consultant is required for repairs greater than $35,000. 15 and 30 year fixed loan terms. Max loan amount is $484,350.
Yes, we are offer FHA streamline, VA Interest Rate Reductions Loan (IRRRL), and Home Affordable Refinance Program (HARP). All 3 items allow you to drop your mortgage interest rate with no appraisal needed.