Enjoy the Benefits of Refinancing you home.
If current market interest rates are lower than your home loan’s rate, refinancing can lower your monthly payment. A Directors Mortgage professional is ready to sit down with you and improve your future outlook all while maximizing your savings.
Simplifying the Refinancing Loan Process
Benefits of Refinancing:
- YOU CAN lower your monthly mortgage payments, freeing up more cash
- YOU CAN apply for a cash-out or “Cash-Back” refinance. This will allow you access to funds for anything from home remodels to college tuitions.
- YOU CAN shorten your home loan’s term for additional savings
- YOU CAN convert an adjustable-rate mortgage (ARM) into a fixed-rate loan that will keep your payments level for the rest of the loan term.
- YOU CAN consolidate a first and second mortgage — often called a first and second lien — into a single loan
There are two types of options for refinancing a home
What is a Streamline Refinance Loan?
If you have a FHA, VA or USDA mortgage, you may qualify for a Streamline Refinance. A Streamline Refinance may enable you to take advantage of today’s low interest rates with very little or no out of pocket cost with less paperwork. Please note that not all client’s qualify for a Streamlined Refinance.
Contact a Directors Mortgage Specialist today for more details on Refinancing.
