Refinance and Home Improvement Loans
Refinancing allows you to replace your current mortgage loan with a new one that better suits your financial goals. Whether you want to take advantage of a lower interest rate, pay off your home faster, or access your home's equity, refinancing can provide significant financial benefits. Your dedicated Loan Expert will guide you through the process to find the right program for you.
What Are The Benefits of Refinancing?
- Lower Your Monthly Payments: A new loan at a lower interest rate can reduce your monthly mortgage payment, freeing up cash flow.
- Pay Off Your Mortgage Faster: You can shorten your loan term to build equity more quickly and become mortgage-free sooner.
- Access Your Home's Equity: Refinancing can allow you to pull cash from your home's equity to pay for major expenses.
- Debt Consolidation: Combine multiple high-interest debts into one lower-interest loan to simplify payments.
Our Refinancing Options
- Cash-Out Refinance: A cash-out refinance loan allows you to access a portion of your home's equity by replacing your current loan with a new, larger mortgage. The difference between the new and old loan amounts is paid to you in cash at closing.
- Conventional Rehab Loan: For homeowners looking to improve their property, a conventional renovation loan offers the ability to combine a mortgage with the projected costs of repairs or upgrades into a single loan.
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Reach out to today for answers to your questions! Call us at 203-452-9899.