Refinance

A homeowner can choose to replace their current mortgage loan with a new one through refinancing. A few. reasons to refinance are to get a lower interest rate, change the loan amount, or the term of the loan. 

You do not have to refinance with the lender who holds your current mortgage, and working with a broker will save you time shopping lenders and rates because we do it for you.

1. Rate and Term Refinance – This is for borrowers who only want to change the loan term (length of the loan) and the interest rate.
2. Cash-out Refinance – In addition to a change to the rate and loan term, a cash-out will allow for an increase in the loan amount enabling the borrower to walk away with cash. Example: The original loan on the property was $350,000, but the borrower requests a loan amount of $375,000. The borrower receives a check for $25,000 at the
   closing of the new loan.