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?
* If you are thinking about refinancing a VA Loan then you will want to ask about the VA IRRRL (Refinance) option.
** Don't Forget! If you are a Veteran, Police Officer, Firefighter / First Responder, Teacher, Healthcare Professional, or a Small Business Owner (50 employees or less) then you are eligible for closing cost savings opportunities with the Loans for Leaders Mortgage Program.
Need more refinance information? Speak with an expert RMLO (Residential Mortgage Loan Originator) today!
No matter the type of refinance you are seeking The King Team can help get you started for free and with no obligations.