At McCormick Mortgage Services we recognize that your home is one of your most valuable assets. There are many reasons to consider refinancing your current mortgage. Below are just a few of the most common reasons that homeowners refinance their mortgage.
Features of Refinance Loans
Lower Monthly Payment
Lower your interest rate or get rid of mortgage insurance.
Use home equity for other personal reasons.
Build Home Equity Faster
Build home equity faster by reducing the loan term.
Convert an Adjustable Rate Mortgage (ARM) to a fixed rate loan.
Consolidate first and second mortgages into one loan.
Take Cash Out
For a variety of purposes like college tuition, a home addition, or medical bills.
The decision to refinance often means weighing the savings of a lower monthly payment against the cost of refinancing. At McCormick Mortgage Services, we offer refinancing programs that can help minimize your out-of-pocket expenses at settlement.