Home Refinance

When interest rates are low, refinancing your mortgage could very possibly reduce your monthly payments.By refinancing you are able to free up that needed cash to pay off high interest rate debts or other expenses that you may have. Let's take a look at whether refinancing your property makes sense for you.

Get Pre-approved today Fill out our Refinance Application

Refinancing Benefits

 

A mortgage refinance is no more than simply taking out a new mortgage that will pay off the old mortgage. When interest rates drop lower than your current mortgage rate, take advantage of myhomelandmortgage.com's flexible terms, and you may be able to:

• Secure a lower rate than you currently have with your current mortgage.
• Build up equity more quickly by converting to a loan with a shorter term.
• Change from an Adjustable Rate Mortgage (ARM) to a fixed rate mortgage, which offers a fixed payment for the life of the loan.
• Convert to an Adjustable Rate Mortgage (ARM) with a lower interest rate that includes features such as a better rate along with a better payment cap.
• Consolidate your high interest debt, like credit card or department store balances, along with your existing home mortgage into a new lower-rate mortgage.
• Other possible benefits: Your home loan interest may be tax deductible (consult your tax advisor). You also may want to use the money made available to you by refinancing to pay for home improvements, make a major purchase, or finance your child's education.

Get Pre-approved today Fill out our Refinance Application

Refinancing Options

Myhomelandmortgage.com offers a wide range of mortgage loan programs designed to meet your needs. Some of these are:

• A Fixed Rate Mortgage that offers the security of a predictable payment.
• An Adjustable Rate Mortgage (ARM) that will offer a very low starting interest rate which keeps your initial payments low. Rates and payments are adjusted regularly during the life of this loan.
• Fixed/adjustable rate combinations that are a blend of predictability and choice - fixed rates and payments for a set number of years followed by annual adjustments.

Get Pre-approved today Fill out our Refinance Application

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