REfinancing

Home refinancing is the process of replacing your current mortgage with a new one, usually to secure a lower interest rate, reduce monthly payments, shorten the loan term, or access home equity (cash-out refinance).

Types of Home Refinancing:

Rate-and-Term Refinance – Replaces the current loan with a new one that has a better interest rate or loan term.

Cash-Out Refinance – Allows you to borrow against your home equity and receive cash for expenses like home improvements or debt consolidation.

Streamline Refinance – A simplified refinance option (for FHA, VA, or USDA loans) with minimal paperwork and lower costs.

Would you like help comparing refinance options or calculating potential savings?