As with a Home Equity Line of Credit and Loans, Refinancing Your Home can be a valuable source of financing.
There are many reasons, depending on individual circumstances, that refinancing a home may be the smart thing to do.
You may want to change the type, term or interest rate on your mortgage. Refinancing to take advantage of lower interest rates and/or to shorten the term could save you money each month and in many cases save you thousands of dollars in interest over the life of the loan. Other benefits of refinancing may include:
Lower monthly payments.
Get cash out. With significant equity you can obtain cash for other uses.
Consolidate Other Debts into one low-interest payment. And you may receive significant tax advantages as well. (Check with your tax advisor to be certain.)
Contact a Onebanc Home Financing Professional to discuss your individual needs.
Onebanc Mortgage is a division of One Bank & Trust, N.A.