Refinancing is when you replace your current mortgage with a new home loan. This new loan comes with a new term, interest rate and monthly payment that is normally cheaper in the long-run. Who wouldn’t want that?
Choose from two types of refinance options:
Choose from two types of refinance loans:
Choose this loan if you are a homeowner who used an FHA loan to purchase your home and wish to obtain a lower interest rate and monthly mortgage payment. This option requires limited documentation and underwriting.
Choose this loan if you are a service member or Veteran. The process is much easier and requires less paperwork than other home financing options.
There are tons of benefits that can result from refinancing your mortgage. Talk to your loan officer to assess which refinance option is the right one for you.
Calculate your monthly payment for fixed rate or adjustable rate loans.