Unlock New Possibilities on Your Current Mortgage with a Refinance
Find the perfect refinance solution for your needs.
Want more flexibility in your budget? How about a quicker path to financial freedom? No matter your goals, exploring your refinancing options can help. We’re committed to providing you with options, helping you understand them and guiding you on the path to a bright financial future, so you can feel confident in the refinance decisions you make.
Cash-Out Refinance
With a cash-out refinance, you may be able to use the significant equity in your home to free up cash, while potentially lowering your monthly payment at the same time.
How Could a Cash-Out Refinance Help You?
- Free up funds
- Home improvements that add value to your property
- Pay college tuition
- Buy a vacation/investment home
- Pay off high-interest credit card debt
- Interest rates can be lower in a cash-out refinance than on a home equity loan, homeimprovement loan or business start-up loan
- Rolling your high-interest debt into a mortgage payment can yield tax benefits.
- Receive cash for major expenses.
- Shorten your loan term and/or get a lower rate.
Rate and Term
A rate and term refinance is a loan improvement. You exchange your old mortgage for a new one that leaves you in a better financial position.
You may be able to accomplish one or more goals with a rate and term refinance, such as:
- Lowering your monthly payment.
- Reducing the amount of interest you pay over the long term.
- Building equity in your home and paying it off faster.
- Changing the type of loan you have from an adjustable-rate to a fixed-rate mortgage
- FHA to a conventional loan
- Eliminating mortgage insurance.
