There are many reasons to refinance your mortgage. Refinancing is often used to lower your interest rate and/or monthly payment. Other common reasons to refinance include shortening or lengthening the term of your mortgage, setting up or eliminating escrow accounts, eliminating mortgage insurance (MI), 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/home equity loan). A few reasons for cashing out include: home improvements, an education fund, and consolidating debt. The appraisal fee is the only out of pocket expense the vast majority of the time. 


  • Reduce Interest Rate & Payments
  • Cash Out Equity for Home Improvements
  • Consolidate Debt
  • Shorten the Term of Your Mortgage
  • Eliminate Mortgage Insurance (MI)
  • Combine Multiple Mortgages into One Loan
  • Roll in Property Taxes