What is a refinance?
A refinance is the process of replacing an existing loan with a new one. It allows you to adjust the terms of your loan so that you can benefit from optimal market conditions or simply take advantage of the equity that has built up in your home.
What are the benefits of refinancing?
Refinancing a home can be advantageous for homeowners. Benefits of a refinance can include changing your interest rate, paying off your mortgage sooner, lowering your monthly payments, or utilizing home equity. It’s important to speak to a licensed loan officer about your financial goals before deciding on a refinance, as the benefits will depend on your financial status as well as the state of the current market.
If you’re ready to take the next step, please contact one of our licensed loan officers near you!
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