Refinance Your Mortgage
If you’re looking to tap into your home equity or leverage low rates, consider refinancing your home loan.
A refinance allows you to make the most of your home equity, whether it’s refinancing to lower your rate, reduce your monthly payment, or use your equity to fund other financial goals. Here’s a quick overview of what you can expect with a refinance transaction.
Refinance Your Existing Mortgage
What is a Refinance?
Refinancing your home loan means that you’ll receive a new mortgage to replace your current loan. Depending on your refinance goals, your interest rate and loan term could change when you get your new loan.
Because you’re getting a new mortgage, you will have to go through the home loan application and qualification process. Your loan officer will work with you to gather all of the necessary financial documents, and you’ll authorize a credit check. Since this is a new loan, you will also pay closing costs.
Start On Your Refinance
If you’re curious about your refinance options, get in touch with one of our loan officers. Talk to a loan expert to start your refinance.