REFINANCING A Home
Whether you're aiming for a lower monthly payment, to shorten your loan term, to consolidate debt and boost cash flow, or have a renovation in mind, we’ll help you find the right solution to match both your short-term goals and long-term savings.
Let’s do something different—together.
SECURE A LOW INTEREST RATE
If you’re looking for a way to lower your mortgage payments or get your home loan paid off faster, refinancing may be a good option. Refinancing involves swapping your existing mortgage for a new one with more favorable terms. Reducing your interest rate not only helps you save money, but it also increases the rate at which you build equity in your home, and it can decrease the size of your monthly payment.
REMOVE FHA MORTGAGE INSURANCE
The mortgage insurance fee on a conventional loan is typically lower than it is with FHA. To stop paying mortgage insurance on an FHA loan you will want to refinance into a conventional mortgage. If you have paid down the loan to 78% of the value of the home you can refinance into a conventional mortgage without having to pay mortgage insurance. If you’re loan-to-value is still pretty high you can lower your interest rate and monthly payments with an FHA streamline refinance.
CASH-OUT REFINANCE
If you’ve built up significant equity through your monthly payments and your home’s appreciation, a cash-out refinance may make sense to improve your general financial situation or the value of your home. With a cash-out refinance, you’re refinancing your mortgage for more than you currently owe and, in return, getting a portion of your equity back in cash.
Second Mortgage
A full refinance may not always be the best option depending on your individual scenario—especially if you’ve got a low rate on your first mortgage. That’s where second mortgage solutions, like home equity loans or HELOCs, can make more sense. They allow you to tap into your home’s equity without touching your existing first lien, helping you access funds for things like debt consolidation, home improvements, or major expenses—while preserving the great rate you already have.