This option is for people who want to refinance to a lower interest rate to reduce their monthly payments or for people looking to reduce the term of their mortgage from a 30-year term to a 15-year term.
Cash Out Refinance
This is a very popular option for people who have built equity in their home and wish to use that equity to achieve financial goals like paying off high interest credit debt, paying for home improvements etc
Strike While Rates Are Low
Mortgage rates can change from one day to the next. Since these rates are one of the main determinants of what you pay on your home from month to month, it is important to understand how rates fluctuate, particularly if you are considering refinancing your home mortgage.