What is a Refinance?
Refinancing is the process of replacing your current mortgage with a new one by using the new funds to pay off the original. Refinances can provide you with extra cash, lower your interest rate, or remove mortgage insurance while lowering your monthly payment. There are two types of Refinances, Rate and Term Refinances and Cash out Refinances.
Why Should I Refinance with Mortgage Advantage Lending?
Here at Mortgage Advantage Lending, we research and keep up to date with the market, so you don’t have to. We recommend programs based on your needs whether it be needing extra cash to start a new project or changing the terms of your loan to keep money in your wallet. We also complete the Refinance process quicker than our competitors, with closings in 30 days or less, so you can go back to focusing on the memories in your home, instead of focusing on the home loan!
How do I start?
To start, simply call or apply through our website portal to get set up with one of our dedicated and experienced loan officers. They will listen to your needs and review your financial documentation to share the best options available to you.