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Benefits
Of Refinancing : |
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1. Refinance to pay off your 1st mortgage and reduce
your mortgage rate and monthly payment. |
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2. Refinance to pay off your 1st mortgage and take out
some extra cash. |
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3. To pay off your 1st and 2nd mortgages (excluding home
equity lines) and reduce your mortgage rate and monthly payment. |
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4. To pay off your 1st and 2nd mortgages (including home
equity lines) and take out some additional cash. |
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5. To pay off your 1st mortgage and your home home equity
line, closing your home equity line to any further advances. |
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6. To pay off your 1st mortgage and your home equity
line, paying the home equity line balance to zero but leaving the
equity line open to further advances. |
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7. To pay off your mortgage(s) and reduce your mortgage
term (i.e. refinancing a 30 year to a 15 year). |
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8. You currently have no mortgage liens on your property
and wish to obtain cash by applying for a 1st mortgage. |
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9. You currently have a construction mortgage loan and
wish to pay it off and obtain permanent financing. |
