If you're paying a high-interest rate, have an Adjustable Rate Mortgage (ARM), or a balloon note coming up, this may be the time to consider refinancing. Our mortgage professionals can help you determine if refinancing is a good option. Refinancing can lower your payment, shorten your term, and get you a lower rate. If you want to consolidate debt and want to get cash out in a refinance, we may be able to help. Find an FBTM loan officer to get started on your refinance.
Your Refinancing Goals
There are many reasons to refinance a loan and understanding your goals is the beginning of the loan process. Are you:
trying to lower your monthly payments?
interested in changing from an adjustable or balloon to a fixed rate?
wanting to shorten or extend the term of your existing loan?
intent on accessing the equity in your home for a special purpose?
Understanding what your goals are for refinancing will help your loan professional assist you.
Choosing the right type of loan is contingent upon several factors:
How much and how long have you paid on your current mortgage?
What is your current interest rate?
What is the term of your mortgage?
What do you believe the current value of your property to be?
How much equity do you have in your home?
Do you have any second mortgages or a home equity line of credit?
Are you interested in consolidating other debt with cash out from your refinance?
FBTM offers many loan programs designed to fit your individual needs. Check out options to help you make the right decision.
We have calculators that can help you determine if refinancing is right for you. Use our Refinance Break-Even calculator to begin your decision-making process
Whether a purchase for a new home or refinancing, find a loan officer that can help you achieve your goals.
Your professional loan officer can help you determine the best loan option for your specific needs.
Disclaimers: All lines of credit and loans are subject to credit approval. All products and services are subject to approval.