Whether you are looking to lower your monthly payments, shorten your mortgage term, or obtain equity from your home, Mortgage Advantage has the lender relationships, expert staff, and industry knowledge to find the most suitable loan product at the best rate for every scenario.
Contact a loan consultant at Mortgage Advantage to see how a refinance can help you.
Lower Your Rate
Refinance your existing fixed mortgage with a lower rate and lower monthly payment. You may also consider refinancing out of an adjustable rate mortgage (ARM) into a fixed rate mortgage with a lower rate.
Shorten Your Mortgage Term
Refinancing into a fixed, shorter term mortgage will reduce the amount of time required to pay off the balance of your loan. And, fixed term loans with shorter durations carry lower interest rates.
Take Equity Out of Your Home
A cash out refinance allows you to convert the equity that you have built in your home into a lump sum payment. Use that payment to consolidate debt, perform home improvements, or for any other situation where cash is needed.