Refinancing
Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (see the cash out link under the Refinance tab above). A few reasons for cashing out include: home improvement, an education fund, or debt consolidation.
Benefits:
- Reduce Your Interest Rate
- Cash Out Equity
- Consolidate Debt
- Lower Monthly Payments
To Refinance You'll Need:
- To Select a Loan Program
- Complete the Necessary Paperwork
- Lock in Your New Interest Rate
- Document your Income, Assets, Residence & Employment History
- Attend a Closing, at the Title Company of YOUR Choice
