REFINANCE & HOME EQUITY
Empower Your Finances
Unlock financial freedom by leveraging your home equity. Enjoy benefits like consolidating debt, lowering monthly payments, shortening loan terms, or accessing cash for ventures. Optimize your financial landscape with a tailored approach to refinance and home equity.
REFINANCE
Explore refinancing to enjoy a lower interest rate, adjust your loan amount, or tweak the loan term. No need to stick with your current lender—let a broker simplify the process by shopping lenders and rates for you. Streamline your refinancing journey for ease and efficiency.
THERE ARE THREE TYPES OF REFINANCE LOANS:
1. Rate and Term Refinance
Tailor your loan term and focus on lowering the interest rate to significantly reduce monthly payments, creating financial ease and flexibility.
2. Cash-out Refinance
Beyond adjusting the rate and term, leverage a cash-out to increase your loan amount. Perfect for clients seeking to consolidate debt, invest, renovate their home, travel the world, or even buy out an ex-spouse.
Example: Current Balance $450,000; borrower requests new loan for $575,000, receiving a $125,000 check at the new loan closing.
3. Cash-in Refinance
Take control of your financial journey by lowering your interest rate, adjusting the loan term, and proactively paying down your existing loan. A strategic choice for homeowners looking to optimize their mortgage for long-term benefits.
HOME EQUITY Loans
A home equity loan stands apart from a refinance as it introduces a new loan alongside the existing mortgage. Here, homeowners borrow against their property’s value, minus the current mortgage loan, ensuring the current low mortgage rate remains untouched.
EXPLORE TWO HOME EQUITY OPTIONS:
Home Equity Line of Credit (HELOC):
- Similar to a credit card with higher credit availability, HELOC allows borrowers to adjust the loan term and interest rate. Enjoy the flexibility of managing expenses without affecting the current mortgage rate.
Home Equity Loan:
- Commonly known as a second mortgage, this fixed-term loan provides the full amount to the borrower at closing. Similar to a mortgage, monthly payments span the loan’s duration, offering stability and structured financial planning. Optimize your property’s value without compromising your current low mortgage rate.
get started today!
Curious about how much cash you may be eligible for? Call or apply online today to kickstart your journey toward optimizing your mortgage and unlocking the potential of your home equity.