Refinancing a mortgage has become so streamlined and inexpensive, people tend to refinance their mortgage more frequently. There are various reasons to do so:
- Lower your monthly mortgage payment
- Take cash out from the equity in your home
- Shorten or lengthen the term of your home mortgage loan
- Extend the term of your Adjustable-Rate Mortgage at a similar rate (i.e. convert your 5/1 ARM into a 6/1 ARM)
Whatever your situation, be sure to check with your CFS mortgage consultant to determine the best loan program at the most affordable price. Oftentimes, we will be able to offer you below market pricing and costs.