Refinance your Mortgage

Description: 

• This type of refinance changes the interest rate, the term of the loan, or both. It doesn't alter the principal balance.

Benefits:

• Lower interest rate reduces monthly payments.
• Shortening the term can reduce the overall interest paid.
• Extending the term can lower monthly payments, though it might increase the total interest paid.

Description: 

• Borrowers take out a new loan for more than they owe on their existing mortgage and receive the difference in cash.

Benefits:

• Access to cash for home improvements, debt consolidation, or other financial needs.
• Potentially lower interest rate compared to other forms of borrowing, like credit cards or personal loans.

Description: 

• Simplified refinancing process for existing government-backed loans (like FHA, VA, or USDA loans).

Benefits:

• Less paperwork and faster approval process.
• No appraisal and no income documentation needed
• Reduced fees and costs
• Lowers your rate and payment

Description:

• Allows homeowners to borrow against the equity in their home through a revolving line of credit without making any changes to your current mortgage. 

Benefits:

•  Flexible access to funds 
• Lower interest rates compared to unsecured loans
• Access to funds at anytime