Refinancing
Refinancing Made Easy
Refinancing often allows you to replace your mortgage with a better one. If rates are lower, you might have the opportunity to lock in a better rate. If your home has increased in value over the years, you may have the opportunity to take cash out of the equity in your home. Speaking with a HomePride Lending Mortgage Officer can help you understand your options.
Lock into a Fixed Rate
If you have an adjustable-rate mortgage that has crept up over the years, it might make sense now to lock into a lower fixed interest rate loan. Switching to a fixed rate while interest rates are low will save you thousands over the life of the loan.
Eliminate Private Mortgage Insurance (PMI)
Has your home increased in value or have you paid down a significant amount of your mortgage? Take advantage of lower rates and see about removing your PMI through a refinance.
Not sure where you’re at with your home equity and mortgage?
A HomePride Lending Mortgage Officer is available to help.
Change Your Loan Terms
When a much lower mortgage interest rate is available for you to lock, it may be time to refinance into a shorter loan term. You can pay off your loan sooner and save over the life of the loan.
Improved Credit Score
Your mortgage interest rate is often a reflection of your credit rating. If your credit score has improved, there is a chance you qualify for a lower interest rate when you refinance.
You have equity in your home
If you have equity in your home, then a great option for you may be to pull cash out. The money could be used for major renovations, to consolidate high-interest debt, or even to help your children pay for college.
Speaking with a HomePride Lending Mortgage Officer can help you understand your options.
Copyright ©2025 | HomePride Lending | NMLS# 1660690
Changing Lives One Closing At A Time