Do more with your home’s equity. Refinance today and save!
Are you considering refinancing your current home loan? Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rate, take cash out of your home for large purchases, or change mortgage companies. Refinancing can also be leveraged to remove mortgage insurance requirements, such as PMI. Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the current worth of the home.
Refinancing can be a great financial move if it reduces your mortgage payment, shortens the term of your loan, or helps you build equity more quickly. When used carefully, it can also be a valuable tool for bringing debt under control.
There are a variety of reasons why a homeowner should consider refinancing. Some of the benefits include:
Lowering your Current Rate
Save money on the interest portion of your loan. Those month-after-month savings can add up quickly!
Shortening the Life of Your Loan
Pay off your mortgage more quickly by minimizing the term of your loan.
Taking Cash Out
Use the equity you’ve built to put cash back in your pocket.
No matter your reason for refinancing, our loan experts are ready to consult with you about our home refinancing options.
Contact a Trustar Mortgage representative today!
Let’s talk today