Cash-Out Refinance
A cash-out refinance gives borrowers the flexibility to convert equity in their home to cash to use for all sorts of purposes.
Benefits of a Cash-Out Refinance:
- Access to Cash
- Debt Consolidation
- Lower Interest Rates
- Home Improvements
- Flexible Use of Funds
- Potential Tax Benefits
- Improved Cash Flow
- Refinance for Better Terms
Rate-Term Refinance
A rate-term refinance allows borrowers the opportunity to restructure the remaining term of their mortgage to help meet individual goals.
Benefits of a Rate-Term Refinance:
• Shorten Loan Term
• Lower Interest Rates
• Adjust Monthly Payment
• Structure
• Move into a More Stable Fixed Rate Program
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Find out if Refinance Loans is right for you!