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Refinancing Your Home
Whether you want to refinance to take advantage of relatively low rates, cash out some of your home equity or change the terms of your loan — refinancing your home is a great way to save big. When you refinance your mortgage, you’re exchanging your current mortgage with something more beneficial to your financial situation, often with a lower principal and interest rate. Your lender uses your existing mortgage to pay off your previous one, leaving you with just one loan and monthly payment.
Flexible Refinancing Options for Your Needs
When it comes to refinancing, there are several options. Whether you want to save money on a monthly payment or use the equity in your home for a renovation or debt consolidation — our team of mortgage experts will help you determine how much you can save.
Rate and Term Refinancing can help you:
- Get rid of Private Mortgage Insurance (PIM).
- Revise the terms of your current mortgage.
- Save on interest to pay your mortgage off sooner.
Cash-out Refinancing can help you:
- Tap into your home’s equity for home improvements
- Consolidate high-interest debt
- Educational expenses
- Medical expenses
- Student loans
- Investment purposes (retirement savings or purchase an investment property)
Wondering if refinancing is the right option for you? Estimate the benefits of refinancing using our Refinance Calculator.
How to Refinance Your Home Loan
Our team of home financing experts can help you identify the loan that will work best for your evolving financial situation. Our Loan Officers will meet with you and guide you through every step of the refinancing process. If you’re planning to renovate your home or make needed improvements, we can also help you determine which type of Home Improvement Loan is right for your needs.
If you’re interested in refinancing, contact us today at 314-878-7900 or apply online today.