What is a mortgage refinance?
A mortgage refinance replaces your current home loan with a new one. Often people refinance to reduce the interest rate, cut monthly payments or tap into their home’s equity. Others get a mortgage refinance to pay off the loan faster, get rid of FHA mortgage insurance or switch from an adjustable-rate to a fixed-rate loan.
Let’s consider some important initial steps of mortgage refinancing — and then run through the process step by step.
Need to Refinance Your Home Loan Today? Get the most competitive mortgage refinance rates by giving us a call, and speaking to one of our mortgage loan refinance experts: (406) 540-5326
5450 Holiday Ave, Billings, MT 59101
909 Broadway St, Sheridan, WY 82801