Financing
Our expert team will look into your needs and help you find the perfect loan for you to make a successful home purchase.
Products
Refinancing
Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable-rate loan to a fixed-rate loan, or to extract cash equity in your home (cash out). A few reasons for cashing out include home improvement, an education fund, and consolidating debt.
Another way to convert equity in your home to cash is a “home equity” loan. A “home equity” loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.
BENEFITS:
- Reduce Your Interest Rate
- Cash Out Equity for Home Improvements
- Consolidate Debt
- Lower Monthly Payments
Cash out refinance
Cashing out refers to the refinancing of a loan where the borrowers will borrow money on their own home.
By cashing out on your home, you can obtain cash on the value of your own home to pay off debts or upcoming expenses. The refinance transaction can also provide you with a better mortgage loan interest rate that will save on your monthly mortgage payments during the loan. And it’s tax-deductible.
WE CAN HELP!
We offer cash-out programs for Owner-occupied homes and Non-owner occupied homes, with low, affordable rates.
Reverse Mortgages
Improve your life by cashing in on your home’s equity!
Whether seeking money to finance a home improvement, pay off a current mortgage, supplement their retirement income, or pay for healthcare expenses, many older Americans are turning to “reverse” mortgages. They allow older homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills.
REQUIREMENTS
To qualify for most reverse mortgages, you must be at least 62 and live in your home. The proceeds of a reverse mortgage (without other features, like an annuity) are generally tax-free, and many reverse mortgages have no income restrictions.