Refinancing is the process of replacing an existing loan with a new loan. It is a great option for those borrowers with loans that are too expensive or too risky. You can refinance your loan to get a better interest rate thus lowering the monthly payment based on your current situation.

    The benefits to refinancing include:

  • Lower monthly mortgage payments
  • A shorter loan term (15-year instead of a 30-year)
  • You have the option to change your loan type
  • You can potentially pay off a loan that’s due

To ask about your refinancing options, contact us today: kthayer@rfmoc.com