Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.

Just imagine what you could do with an extra $100, $300 or more each and every month. You might decide to apply the savings toward your balance and build equity faster. Or maybe you just might want to put the money in your savings account or portfolio and watch it GROW! The best thing is you're in control. You decide what is best for your family!

In order to refinance you will need a current appraisal, analysis and in many cases verification of your income and assets. Most of the same paperwork required when you originally financed your home will most likely be required as well. Adequate property insurance and new title insurance is necessary.