Refinance Your Loan

      ReFinancing

Refinancing replaces your existing loan with another lower interest rate loan for the same amount. This can save you tons of money when market interest rates drop 1 or more percentage points lower than your present rate. Refinancing can be used to reduce your interest rate, change the term of your loan, or to consolidate your debts.

Refinance to Consolidate Debts:
With equity in your home, refinancing is the smartest way to consolidate your debts. Some loans use your home as collateral. Refinancing, on the other hand does not. You can just throw your debts into the amount owed when you refinance. One monthly payment; one low interest rate. Refinancing is the best route to take because the interest rates are lower than any of your other consolidating options. If you have a lot of equity and good to excellent credit, then a mortgage refinance is your best option.

Change your Adjustable to a Fixed rate:
Rates are at a 40-year low. Changing your adjustable rate to a fixed rate is a smart idea. Refinancing is the best way to do this. Don't be caught in a tailspin as rates begin to rise- let a lender help you today! Hurry, before rates go up! Refinance Now!