A cash out refinance gives a homeowner the ability to leverage their existing equity to use at their discretion. Likewise, cash out refinances may include a lower interest rate, eliminate MI or PMI monthly or consolidate debts. Dave and his team can keep you informed so we can provide the details you need to determine when a refinance may be in your best interest.

Reasons To Consider A Cash Out Refinance:

• Reduce your monthly mortgage payment: Mortgage rates are still very low. A refinance with Dave and his team may help you lower your monthly debt payment obligations and possibly save you money.
• Consolidate high interest debt: You could pay off those higher-interest debts by refinancing with a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and pay off your higher-interest debt. Consequently, by consolidating your payments into one low monthly payment, you can pay less each month, lower your debt, and improve your credit score.
• Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of today’s competitive rates by shortening the term of your loan (which means paying less interest) without a significant change in your monthly payment?

When Is The Best Time For A Refinance?

We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, contact Dave and his team. We can advise you on which mortgage refinancing program meets your needs.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.