Refinancing
Ready to pay less in interest on your mortgage and lower your monthly payments? A refinance may be the right step for you.
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A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your monthly payments, which can add up to significant savings.
Knowing your current refinance mortgage rates is important.
USA Lending can keep you informed and help decide when a refinance may be best.
Cash-Out Refinance
If you’ve built up equity in your home, use it as collateral to turn our current home into your dream home through renovations, consolidate debt, or pay for major purchases, college tuition, medical expenses, and more.
VA Loan Refi - Streamlined (IRRRL)
Also known as the Interest Rate Reduction Refinance Loan, or IRRRL, the Streamlined Refinance loan is easy to complete and often requires no money from the homeowner. This type of refinance simply adjusts the terms of financing and is great when interest rates have lowered since you purchased your home.
VA Loan Cash-Out Refinance
A Cash-Out Refinance is exactly what it sounds like—you refinance to pull cash out of your home once you have paid down the loan and have equity. This can be a great option if you want cash to pay off other debts, pay for a large purchase, or do home improvements.
Reasons to consider a mortgage refinance:
Reduce your monthly mortgage payment: Mortgage rates are still very low. A refinance with USA Lending may help you lower payment and possibly save you money.
Consolidate high interest debt: You could pay off those higher-interest debts by refinancing with a lower rate. Even with less-than-perfect credit, we can help you lower your monthly payment and pay off your higher-interest debt. By consolidating your payments into one low monthly payment, you can pay less each month, lower your debt, and improve your credit score.
Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of today’s competitive rates by shortening the term of your loan (which means paying less interest) without a significant change in your monthly payment?
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Content by Colton Bickle Mortgage Loan Officer