• Save money by lowering your interest rate/lower payments
• Consolidate a first and second/home equity loan
• Remove Mortgage Insurance (80% loan to value)
• Utilize the equity in your home and receive a tax deduction for:
• Home improvements
• Payoff bills
• College education
• Purchase a vehicle
• Reimburse yourself for improvements made
• Change and adjustable or balloon mortgage to a fixed rate
• Change the amortization (from a 30 yr. to a 15 or 20 year)
• Add or remove a party (e.g. divorce or marriage)
• Change in status of the home from rental to residence

Refinances can be had with all the available mortgages - fixed, adjustables and balloons.

It is sometimes preferable to refinance a first mortgage to tap the equity in your home rather than placing a second/home equity loan because the interest rates are substantially lower.

When refinancing, costs are an important consideration because closing costs are not a tax write-off and any points paid must be amortized over the life of the loan. As a result the little to no cost loans (which we feature) are usually recommended.

To discuss whether a refinance is appropriate, e-mail us or call us and we will be glad to give you a free analysis.