Mortgage refinancing is taking a new loan with different terms and paying off the existing lien. Some of the reasons for refinancing may include lowering your mortgage payment, shortening your loan term or using the equity you’ve built over time to get cash out of your home with a home equity loan.
Deciding if it makes sense to refinance your home's mortgage depends on several factors, but it starts with one question. What are your goals for refinancing your home? Are they to:
No matter what type of refinance you're seeking experienced mortgage lending professionals like Your King Team at Get a Rate can assist you!
For more information about mortgage refinancing please try these resources:
This is not a commitment to lend. Not all borrowers will meet the requirements necessary to qualify. As a result of refinancing, your total finance charges may be higher over the life of the loan. Get a Rate is not acting on behalf of or at the direction of VA / FHA / USDA or the federal government.