Fairway's First Team Mortgage Refinancing
Looking to refinance your home? Want to lower your interest rate or switch from an adjustable-rate mortgage? Mortgage refinancing may be the right answer for you.
Looking for Better Terms on Your Interest?
Mortgage refinancing is replacing an older loan with a new loan that offers better terms.
There are many reasons why borrowers choose to refinance a mortgage loan, including:
- Lowering interest rates available
- Shortening the term length of a mortgage
- Consolidating debt
- Using home equity for large expenses
- Switching from an adjustable-rate to a fixed-rate loan
- Buying out a former spouse during a divorce
- Changing mortgage companies
Since refinancing can cost between 3% and 6% of a loan’s principal and—as with an original mortgage—requires an appraisal, title search, and application fees, it’s important for a homeowner to determine whether refinancing is a wise financial decision. – Investopedia
To refinance your mortgage loan, the steps are very similar to the process of initially getting a mortgage for the purchase of your home.
Loan Application Checklist
If you're planning to take out a loan, make sure that you have all of the information you'll need to get started.
Mortgage Calculator
Take the guesswork out of your mortgage payments. Find out what you monthly payments will be.
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