Refinancing your current mortgage loan is most often used to lower your current interest rate. If rates have dropped since you last financed your home, refinancing probably is a great idea.

Other very common reasons to refinance include converting an adjustable rate loan to a fixed rate loan, or to take cash out. A few reasons for cashing out include: home improvement, pay off student loans, and consolidating debt - mostly credit cards. 

Another way to convert equity in your home to cash is a home equity loan - often simply called a HELOC. A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan. 

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 your existing home, or to simply help you decide if refinancing makes sense, just call or click. A quick application tells us what we need to know, and let's us "run the numbers".  

REFINANCE APPLICATION   (651) 552-3681

A standard refinance will require an application, appraisal, and a verification of your income and assets. Pretty much the same paperwork and documentation required when you originally financed your home. Proof of homeowners insurance, and updated title insurance is necessary.

FHA and VA STREAMLINE REFINANCE

An FHA streamline refinance, or a VA streamline refinance (also known as an IRRRL) is available for existing FHA or VA loan home owners. As the name implies, the process is streamlined, and generally does NOT require an appraisal.