Home Refinance: What You Need to Know
Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance: the opportunity to obtain a lower interest rate, the chance to shorten the term of their mortgage, the desire to convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage (or vice versa), the opportunity to tap a home's equity in order to finance a large purchase, or the desire to consolidate debt.
Some of these motivations have both benefits and pitfalls. It's important for a homeowner to determine whether his or her reason for refinancing offers a true benefit. At Homeland Lending we provide you with a simple & detailed analysis so that you can determine if refinancing is right for you.
The Home Refinance Process
Here's how our Home Refinance process works:
- Complete our simple Home Refinance Loan Qualifier
- Speak to a Homeland Lending Licensed Home Loan Consultant
- Receive options based on your unique criteria and scenario
- Choose the offer that best fits your needs