Mortgage Refinance

Primary goals of mortgage refinance

  • Lower the rate and payment of your current home loan
  • Move to local servicing
  • Reduce the time to pay off your mortgage
  • Pay off high-rate credit cards
  • Improve cash flow by consolidating debts or spreading out the term of your loan

Should I Refinance My Mortgage?

Refinancing a mortgage means paying off an existing loan with the intent of replacing it with an updated one. 

Refinancing to obtain a lower interest rate is the best reason to move forward with such plans, especially when rates drop in the current market. This in and of itself can shorten the term of your loan and reduce interest payments throughout the life of the loan.

Refinancing to utilize the equity in your home gives you flexibility with the proceeds. You can consolidate your debt and have one monthly payment, or you can use the cash to do home improvements or put additions on your home, like kitchen renovations or a new garage.

MyChoice Mortgage

Pick Your Rate and Term!

We don’t choose the terms of your loan, you do! Just pick the interest rate or the loan term that works best for you. That’s your MyChoice Mortgage!