What can home mortgage refinancing do for you? For starters, it can save you money. Whether you refinance to get a better mortgage interest rate or to pay off high-interest debts, you can realize significant savings. Refinancing can also give you the funds you need for expenses like tuition and home improvements.
Think about your mortgage in the context of your overall financial picture.
In this picture, you are paying one interest rate for your mortgage, but market interest rates are now lower. Add a few more elements to this picture to see the true value of home mortgage refinancing:
This is where home mortgage refinancing enters the picture. Here’s just some idea of the difference it can make:
We provide access to lenders that can offer home mortgage refinancing at 100% loan-to-value (LTV) on equity take-outs and refinances for those with qualifying credit. Top rates are available up to 95%. Most traditional lenders offer only 90% on refinances.
CMI also has a wide range of cash-out options: