There are many reasons to consider refinancing your current mortgage.
- To lower your monthly payment
- To pay off your mortgage more quickly and save on interest cost
- To take cash out for home improvement or other needs
Home values are constantly changing and we will do our best to evaluate various outcomes based on appraised values.
For a conventional loan, you can generally borrow up to 80% of your home”s value. For an FHA loan, you can go up to 85% of value.