Refinancing a mortgage is when you get a new home loan to replace your existing one. If you can refinance into a loan that has a lower interest rate than you’re currently paying, you could save money on your monthly payment and interest you pay over the term of the loan. You might also be able to take advantage of a cash-out refinance, which allows you to tap into your home equity essentially as a lower-interest loan.
Benefits of refinancing
REDUCE YOUR INTEREST RATE
CASH OUT EQUITY FOR HOME IMPROVEMENTS
LOWER MONTHLY PAYMENTS
TO REFINANCE YOU’LL NEED
CURRENT APPRAISAL & ANALYSIS
VERIFICATION OF ASSETS & INCOME
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