A Traditional Refinance is also known as a Rate and Term refinance. This is the loan if you just want a lower interest rate or change the term of your loan.
The Benefits of a Traditional Refinance:
- Lower your rate and lower your payment
- Shorten your term to pay off your loan faster
- Match your loan balance and term so you don’t start over
- Limited Cash-out which allows you to get $5000-$10,000 back
- We usually don’t need an appraisal making closing costs lower
- Skip a payment or two
If you think rates are lower, simply contact us to find out today's rates.
