Do you need refinancing options on a home, or other real estate? Choosing a refinance product that matches your goals and making sure you get the best rate for your given scenario can feel like playing whack-a-mole.
We’re here to make the home refinance process a whole lot easier, with tools and expertise that will help guide you along the way, starting with a No Obligation Refinance Analysis Request.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether this is your first refinance or 5th.
Here’s how our home refinance process works:
Refinancing is the process of paying off your existing mortgage with a new mortgage. Typically, you refinance your mortgage to reduce your interest rate and monthly payment or change the length (or term) of your mortgage. You may also refinance to take cash out from your home’s equity. As a result of refinancing, your total finance charges may be higher over the life of the loan.
Refinancing can help you:
You could pay off those higher-interest debts by refinancing to a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and consolidate your higher-interest debt. By consolidating your payments into one low monthly payment, you may pay less each month. Depending on the program that works for you, you might be able to pay off your debt sooner, which may help improve your credit score.
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? There are many options available that could potentially help you pay off your mortgage faster and could help you save money.
Mortgage rates are still very low. A refinance with US Lender can help you lower payment and possibly save you money. Contact us today to find out if you qualify for a refinance.
IRRRL stands for Interest Rate Reduction Refinancing Loan. An IRRRL is a VA-guaranteed loan made to refinance an existing VA-guaranteed loan. The IRRRL is generally performed to lower the interest rate and reduce the monthly payment on the existing VA guaranteed loan.