What is Refinancing?

Refinance is the process of paying off an existing loan by taking a new loan and using the same property as security. Many borrowers refinance to lower their payment, shorten their mortgage term or to take cash out of the equity they have built up in their home.

Benefits of Refinancing

• Lower Your Interest Rate/Monthly Payment
• Pay Off Your Mortgage Faster
• Consolidate High Interest Debt
• Get Cash Out for Home Improvements
• Earn More on Your Investment Property

Popular Refinancing Programs

• 15 Year Refinance
• 30 Year Refinance
• Cash Out Refinance
• FHA Streamline
• HARP Refinance

At Mortgage Explorers, We Say Yes! | Okemos Mortgage Broker