Refinancing is much the same process as obtaining a first home loan. Credit and income both come into play when designing your new loan, and if either has diminished since your original loan, it may not pay to refinance.

Refinancing your home loan can often be a terrific way to lower monthly payments and tap into valuable home equity in order to fund home improvement. Apply online today to contact up to four lenders about refinancing.

Now may be a better time than ever to refinance your home. With low interest rates available, most homeowners can’t help but be tempted by the prospected of refinancing. Fill out our free short form to learn more about refinancing your home loan.

However, if your original loan has a high rate or an unappealing term, refinancing can be the perfect opportunity to save money and reduce monthly payments. If you are a homeowner who:

• Plans to remain at his or her home for the next three years
• Would like to change an adjustable rate mortgage or establish a lower rate cap
• Has not damaged your credit since your original loan
• Wants to take advantage of lower interest rates
• Needs money for home repairs or improvement
• Needs money for college tuition or other large purchases