Refinance

You may have decided to refinance to accomplish a variety of goals, but for some basic reasons: To save money by getting a lower interest rate or to save money by using a tax-deductible loan (the refinance) to pay off non-tax-deductible debt. Now that’s smart!

People most commonly use a refinance loan to:

· Convert a higher interest rate mortgage to a lower interest rate mortgage

· Lower their cost of debt by converting non-tax-deductible debt, such as credit cards or car loans, to tax-deductible mortgage debt.

· Convert an adjustable rate mortgage to a fixed rate.

· Consolidate a first and second mortgage into one lower-rate mortgage.

· To reduce the term of their mortgage.

· Pay off a construction loan.

Custom Construction Financing has first and second mortgage programs to fit your needs. If you own real estate, we can usually help.