Mortgage refinancing allows you to pay off your existing home loan with a new loan, effectively trading your old loan for a new one with new terms. Among other reasons, refinancing can be a smart decision to make if interest rates have dropped, your credit score has increased, or you want to replace a risky loan with a less risky one.
If you want to find out if it’s a good idea for you to refinance, fill out our Mortgage Quote Request form or call us at 408-526.1202 to speak directly with one of our loan officers.
Refinancing Your Home Loan Can Allow You To:
- Reduce your monthly payment
- Decrease your payoff time
- Save on interest costs
- Get cash out for other purposes
- Consolidate debt