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Mortgage Refinance

Mortgage Refinance

Rate and Term Refinancing vs. Cash Out Mortgage Refinancing

Refinance your existing mortgage, cut your bills and save money

Mortgage rates are the lowest they’ve been in more than 30 years. Take advantage of these record-low rates and replace your mortgage with a brand new loan at a much lower rate, saving you tens of thousands of dollars over the life of your loan.

Think about what you can do with the money you save from refinancing! You can renovate your home, pay off your credit card debt, save for college tuition, buy a new car, take a vacation or just do whatever you want with the money you keep.

You have 2 basic options when refinancing.

  1. Rate and term refinancing. In this scenario, you simply want to lower your rate so you can lower monthly payment or shorten the term of the loan so you’re paying less over the life of the loan.
  2. Cash-out refinancing. This is where you turn your equity into cash to pay off high-interest credit card debt or get cash to do whatever you want. The mortgage is refinanced so the cash is applied to the principal. If the rate is lowered, the mortgage payment is also reduced saving you more money.

Refinancing your Mortgage with Cash Now Refi can help you:

  • Get the cash you need with our 3 step refinance process. It’s fast. And easy.
  • Reduce your mortgage rate so you get the absolute biggest savings possible.
  • Turn the tables on the lenders so they’re competing for your business.
  • Get the best solution that fits your needs.

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Copyright © 2012 CashNowRefi.com a division of Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.

NMLS #56301. Registered Mortgage Broker - NYS Banking Department as CashNowRefi #A007352; California DOC #603G73. Loans are arranged through third parties. We arrange but do not make loans. CashNowRefi not licensed in Virginia.
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