Traditional Refinance

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:

1. Lower your rate and lower your payment
2. Shorten your term to pay off your loan faster
3. Match your loan balance and term so you don’t start over
4. Limited Cash-out which allows you to get $5000-$10,000 back
5. We usually don’t need an appraisal making closing costs lower
6. Skip a payment or two

If you think rates are lower, simply contact us to find out today's rates.