Whether you're in need of cash, looking to lower your monthly payment, or wanting to shorten your loan term, we can guide you through the process and help you achieve your goals.
Essentially, it's the act of replacing your current mortgage with a new one. This new mortgage often comes with a different principal amount and interest rate. The funds from the new mortgage are then used to pay off your old one, leaving you with a single loan and a single monthly payment.
There are various reasons why homeowners choose to refinance. You may opt for a cash-out refinance to tap into the equity of your home, or consider a rate and term refinance to secure a more favorable interest rate and potentially lower your monthly payment.* Refinancing can also be used to remove a person from the mortgage, which is common in divorce situations, or to add someone to the mortgage.
When you work with Vision Mortgage Group, our expert mortgage coaches will walk you through the refinancing process, ensuring that you understand each step along the way. We'll help you assess your financial goals and find the refinancing solution that matches your needs. Trust us to make your homeownership dreams a reality through our comprehensive refinancing services.
*Refinancing may cause finance charges to be higher over the life of the loan. Ask your Loan Officer to review your options so you can make an informed decision about a refinance.
