Refinancing your home can come with many benefits including saving money on interest or consolidating other debt. The mortgage refinance team at Fellowship Home Loans is here to answer your questions about refinancing and help you find the perfect loan for your particular circumstance.
There are plenty of great reasons to consider refinancing
Some of the most common reasons for meeting with our home loan team about a refinance can include the following:
- Do you have a child attending college soon? Want to finance part or all of their education? Refinancing a mortgage can pay for your child’s education without having to take out a student loan, or it can significantly lower the amount needed for a student loan.
- Starting a business? Refinancing can help to pay for your startup costs and provide you with the liquid capital to take care of some of your initial business expenses.
- Looking to travel? You may have an opportunity to go on a missionary trip or take a vacation to another country, and you can use the equity in your home that you’ve worked so hard to earn to finance your trip.
- Tired of spending too much money on high interest credit card debt? Consolidating other debt into a new home loan can help manage the cost over long repayment periods and lower the average amount you are budgeting towards interest payments every month.
Everyone has a different reason for seeking a home loan refinance. At Fellowship Home Loans our refinancing consultants will meet with you to go over your particular situation and find out what you are hoping to accomplish with your refinance. We’ll spend the time needed to educate you about the different choices that you can consider.
Several refinancing choices available
Fellowship Home Loans is proud to offer you a wide range of refinancing options that our home loan consultants can speak with you about, including the following:
- Fixed refinancing– Fixed rate loans offer fixed payments throughout the entire life of the loan, and they allow you take advantage of rates that are currently becoming more favorable to a larger percentage of home owners.
- Adjustable rate mortgages – Adjustable rate mortgages can be a good choice for homeowners who are planning to move. As honest refinancing specialists, we’ll let you know the pros and cons of choosing an adjustable rate mortgage for your refinance.
- FHA refinancing – A FHA Cash-Out refinance can allow you to access the equity in your home and refinance your remaining debt. There are fewer limitations on what the cash can be used for, which makes it a good option for many homeowners who want access to their equity.
- Conventional refinancing – A conventional loan can work for you depending on your requirements, and it is similar to the FHA options that you may have available.
Our home loan specialists can speak with you to determine which option is more suitable for your needs.
We believe in honesty and integrity
At Fellowship Home Loans our mortgage pros; are focused on helping you obtain the refinance that you are seeking. As a company with Christian values we believe in treating everyone the way that we would treat our own family.
You can trust that our refinancing specialists will have a compassionate and attentive approach as you work with us to find the ideal option. Contact us today at 1-800-804-SAVE (7283) for more information about the refinancing options that may be available to you, or send us an email at info@fhloans.com
