Home Refinance Loan

What is a Home Refinance Loan?

Refinancing your home usually means you pay off your mortgage and start fresh with a new loan. There are a number of reasons to refinance your mortgage, with interest rates at the lowest rates in years, a home refinance loan with Royal United Mortgage could save you thousands in overall costs. The old rule of thumb was to consider refinancing if there is a 2% drop between your current interest rate and the new one. But there are times, only a 1% difference in rates will make it advantageous to refinance. At Royal United Mortgage, we will work with you to make sure that you have the best loan solution for your situation.

Why would you need a Home Refinance Loan?

• Lower Monthly Payment

  With interest rates at the lowest they've been in years, just a drop in interest rate can lower your monthly payment

• Shorten the Term of your Loan

  With interest rates at the lowest they've been in years, you may be able to shorten the duration of your loan with little to no increase in monthly payment

• Consolidate Debt

  Roll your high interest rate credit cards into one lower monthly payment (Interest in your Home Refinance Loan may be tax deductible)

• Get a Fixed Rate

  Walk away from that variable rate mortgage and get the peace of mind that your monthly mortgage payment won't go up

• Get Cash

  Use the proceeds from your Home Refinance loan for any purpose

  • Home Improvement
  • College Tuition
  • New-to-you car

Why get a Home Refinance Loan with Royal United Mortgage?

At Royal United Mortgage our refinance Mortgage Advisors only want to assist you with a financial solution if it meets your financial goals. Our goal is to find out what makes sense for you based upon your short and long-term goals.

See how much you'll save

Use our Mortgage Refinance Calculator to see how much money you might save through refinancing.