Refinance is a possibility to improve your current mortgage. It means getting a new loan, with new terms, and using that money to pay off your old loan. Your Loan Officer can help explain why refinancing might be the right option for you.
Reasons to Refinance
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Lower payments
Refinancing with a lower interest rate could result in lower mortgage payments. This may provide extra money each month for homeowners to save, or spend, however they choose.
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Shorten your payment term
If you want to build equity faster, or pay off your mortgage in less time, you could refinance to a shorter loan term. This may result in a slightly higher monthly payment, but you may also save money by paying less toward interest.
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Convert your home’s equity into cash
As a homeowner, you make payments to increase your equity, or value of ownership. Refinancing allows you to turn that equity into cash – referred to as “cash-out” refinancing. You are free to access and spend the money without tax penalty*.
*Consult a tax professional for more information.
Start the Process
Whether you are buying a property or refinancing, we understand it can seem like a daunting decision. That’s why we want to make this process as simple as possible.
Click below to create an account and start the refinance process. This online form should take you approximately 20 minutes to complete, and your progress will be saved as you complete each step.
Please note that your session will timeout after 15 minutes of inactivity.
Please Have These Items Ready
1. Current and Previous Addresses (2 years)
2. Property Information (if applicable)
3. Current and Previous Employment Information and dates including monthly salary
4. Bank Account Statements
5. Current monthly housing expenses such as rent and mortgage payments
6. Address and Market Value information for properties you own, including taxes & insurance
7. Sources and Income Amounts for all Borrowers. If a W-2 employee, pay stubs for the last 30 days
8. If working with a real estate agent, their name, company and phone number
*Refinancing your current mortgage loan could result in the total finance charge to be higher over the life of the loan.