Rate and Term Refinance
This refinance option is used to change program types if there is a more beneficial loan option to the homeowner, it can also be used when rates have decreased to lower monthly payments, or for adjustments to the term to change the end payoff date of the mortgage.
Cash Out Refinance
This program is used when there is equity available in the home that can be taken out and used for other needs. These funds are often used to payoff high interest debt, make investments, or to make home improvements.
VA Refinance
VA Refinances, VA IRRRL, can help veterans lower their monthly payments and interest rates, change their loan term, or shift their loan structure to a more beneficial type. These refinances are available to active duty, retired and surviving spouses of veterans that served with the U.S. armed forces.
FHA and USDA Refinance
These programs offer benefits to homeowners that have a potential to lower their monthly payments. Both types of government backed programs allow for the homeowner to avoid additional home appraisals during the refinance to help save not only on payment but on costs as well.