There are many times when a home refinance may be beneficial to helping you reach your goals. However, it is very important that you work with a mortgage advisor who has your best interests in mind to help you sort out the options and see what might work best for you. Sometimes, that means not proceeding with the refinance at all. Cash out refinances should be carefully evaluated based on your situation. In some cases it may cost you more in the long run in interest expenses.
Some common reasons to consider refinancing:
- Taking advantage of better interest rates
- Pay off the home sooner
- Lower monthly payments
- To pay for home improvements
- To pay off other loans or finance higher education.
With all the complex options available today, it is very important to work with a mortgage advisor who takes the time to ask questions to understand your needs and situation, giving you the options that make the most sense for you.
Please contact us at 1-800-288-3425 to discuss a possible refinance with one of our mortgage advisors. We will help you evaluate your options and determine if a refinance makes sense for you.
Home financing is available to existing customers, or new customers who live or work in Minnesota, for primary residences located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI.
Financing for investment properties is available to existing customers, or new customers who live or work in Minnesota, for properties located in the following southeastern Minnesota counties: Olmsted, Dodge, Mower, Fillmore, Winona, Wabasha, Goodhue, Hennepin, Carver, Scott, Dakota, Ramsey, Washington and Anoka.