You aren’t stuck with the mortgage you borrowed when you bought your house. Mortgage refinancing can help you save money or even use your home’s equity. At Priva Mortgage, we offer the best refinance rates to help you achieve your financial goals.
When you refinance your mortgage, you pay off your existing mortgage with a new mortgage. It could be a loan with a lower rate, or it may be a loan for a higher loan amount to use your home’s equity.
Either way, the new mortgage pays off your existing mortgage at a new rate and term. Some borrowers take a shorter term, and some extend their term, depending on their financial goals.
You have a few options when you refinance your mortgage:
To qualify for the lowest refinance rates and the best terms, you’ll need:
Everyone wants the best mortgage refinance rates, and they aren’t hard to get! The best way is to have great credit, a low debt ratio, and a perfect mortgage payment history.
Don’t worry if you don’t check all those boxes, though. At Priva Mortgage we work with all types of borrowers, getting your mortgage refinanced at affordable rates and terms to help you reach your financial goals.
Think about your financial goals and how refinancing fits into them. Some borrowers use a cash out refinance to improve their home and its value. Others use it to get rid of debt. Some borrowers don’t need their home’s equity but want to lower their payment to save even more money.
You should refinance when the rates and terms are favorable for your financial goals, which can differ for every borrower.
Our mortgage professionals are dedicated to helping you get the most out of your mortgage. We have flexible guidelines and many programs to help you achieve your refinance goals.
Whether you need a rate/term refinance to save money on your payment or you need to tap into your home’s equity to use it for other purposes, we have your back! Contact us today to learn more about our options and how we can help you.
A mortgage refinance can be a great financial decision to help you reach your goals. Contact us today!