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Refinance Loan
About this loan
A Refinance Loan lets homeowners replace their current mortgage with a new one to get a lower interest rate, change the loan term, or access home equity. Options include rate-and-term refinancing to reduce payments or adjust terms, and cash-out refinancing to turn home equity into cash for things like renovations or debt consolidation.
Why Choose This Loan?
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Lower Interest Rates: Secure a better rate to reduce your monthly payments and total interest.
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Flexible Loan Terms: Adjust your loan length to pay off faster or lower monthly costs.
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Access Home Equity: Use cash-out refinancing to access funds for renovations, education, or other needs.
Ideal for homeowners looking to save money, improve terms, or tap into their home’s equity.
Interest Rates: Typically start around 5.15% APR, depending on market conditions.
Down Payment: None required; equity needed for cash-out refinancing.