REFINANCE

Refinancing your existing interest rate could provide you hundreds of dollars each month.  Have you checked your existing home loan rate lately?   Most likely, rates have dropped since you last financed your home.  If this is the case, you may want to consider refinancing.

BENEFITS TO REFINANCING INCLUDE:

Paying off a balloon payment

Converting an adjustable rate loan to a fixed rate loan

Extract cash equity in your home (cash out)

Lower your monthly payments

Cashing out could also help you with: home improvements, an education fund, or consolidating debt.

**Another way to convert equity in your home to cash is a "home equity" loan.  A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.

For more details on refinancing and home equity loans, give us a call, we are here to help.

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