For many homeowners, a refinance is a great option that allows them to lower their monthly payment, access better terms or enjoy more peace of mind about their home. If you’ve thought about refinancing but haven’t decided which program is right for you, we’re outlining two options below.
A rate-and-term refinance gives you the option to change your mortgage rate, term or both. There are many money-saving techniques included in this refinance option. For instance, if you refinance to a lower interest rate, your payments go down each month. If you refinance to a lower term mortgage, you will also save money by paying less money over time in interest.
Another type of refinance is a cash-out refinance. This type allows you to access equity in the form of cash that you’ve gained through making previous payments toward your loan. When doing a cash out refinance, you take out a loan against the value of your home. While this new loan will be bigger than your current one, it is used to pay off the value of your current mortgage which in turn gives you access to the leftover amount in cash.
If one of those options sounds like a solution for you, contact one of our qualified Loan Originators to talk in more detail about refinancing opportunities.
Erik is so down to earth, easy to work with and very
responsive to texts and phone calls. The real estate business in a
"busy" business, but Erik always found time to find solutions and
communicate with my clients and with myself. Definitely will continue to do
business with him again.
Melissa S M
Scott was the reason I went with this company. He was always reachable, very knowledgeable and knew the market and provided great updates on what to expect.
Julie S
Billy does a great job and does an excellent job communicating.
Noe G M
I just liked a great job!
Raonel G B
Very professional team - great job!
Thomas J B
Todo perfecto!
Reinier T
Good loan officer! Always helping us out with any questions!
Julian A J
Scott is the only lender we will use. He is on top of everything and makes the process so smooth and stress-free. He goes above and beyond during the buying process and beyond that he reached out during birthdays and special events. We have learned through watching the people currently buying our house that not all lenders are like that. We appreciate Scott and his team so much!
Amber B
None. Everything went smoothly!
John M
Scott and his team were great to work with; any questions I had about my client were answered in a timely matter.
Felicia F
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