Once you’ve been in your home for a while, in most cases, your home will be worth more than what you owe on your mortgage. That’s called equity. A refi can allow you to tap into that money and use it however you like.
Category: Refinancing
Lower your payment.
When you refinance your mortgage at a lower interest rate, usually your monthly mortgage payment will go down. It’s like giving yourself a little raise.
What is a refi and why is everyone always talking about them?
Refi is short for refinancing your mortgage and it’s actually pretty awesome. Plus, Our proprietary No Sweat™ Process makes the whole thing totally simple. When you buy your house your loan will have an interest rate. Down the road, interest rates could drop below what you bought your house for. Refinancing your mortgage allows you to take advantage of that lower rate which can help you free up money in your budget by lowering your monthly payments or provide you a one-time cash payment by tapping into your home’s equity. It’s like a little like giving yourself a raise. Which you totally deserve.