MORTGAGE REFINANCE

A mortgage refinance is a transaction in which you get a new mortgage to pay off your old one

What is a

Mortgage Refinance?

As a homeowner, you’ll have the opportunity to choose among all the types of mortgages available to home buyers. Understanding your options will help you choose the best loan for buying your house for a second time.

Refinancing can allow you to change the terms of your mortgage to secure a lower monthly payment, switch your loan terms, consolidate debt, or even take some cash from your home’s equity to put toward bills or renovations. Let’s take a deeper look at some reasons you may want to refinance.

Reasons to Refinance

You Need To Change Your Loan Term

Homeowners might want or need to change their loan terms for several reasons. Here’s more information on switching to a longer or shorter term.

Longer Mortgage Term

Are you having trouble making monthly mortgage payments? A refinance can allow you to lengthen the term of your mortgage and lower your monthly payments.

Shorter Mortgage Term

You can also refinance your mortgage in the opposite direction, from a longer term to a shorter term mortgage.

You Need Cash To Pay Off Debts

If you’ve made payments on your mortgage, you probably have equity in your home.

Cash-Out Refinance For Debt

A cash-out refinance allows you to take advantage of the equity you have in your home by replacing your current loan with a higher-value loan and taking out a portion of the equity you have.

Online Mortgage Refinance (With Cash Out) Quote Request

By submitting my information, I understand that I am consenting for Platinum Life Financial LLC to contact me to discuss mortgage and interest rate options at the email address and phone number provided, including via text messaging, automated or pre-recorded means. Standard data and text messaging rates apply. I agree that I am subscribing to receive Platinum LifeFinancial marketing emails. Platinum Life Financial respects your privacy and treats your confidential information as such. For information, please review our Privacy Policy.

Online Mortgage Refinance (No Cash Out) Quote Request

By submitting my information, I understand that I am consenting for Platinum Life Financial LLC to contact me to discuss mortgage and interest rate options at the email address and phone number provided, including via text messaging, automated or pre-recorded means. Standard data and text messaging rates apply. I agree that I am subscribing to receive Platinum LifeFinancial marketing emails. Platinum Life Financial respects your privacy and treats your confidential information as such. For information, please review our Privacy Policy.

Everyone’s Situation is Different, but there are many Financial Situations that a Refinance can Answer.

See what Platinum Life can Offer below.

Replace Your Mortgage with New Terms

Rate and Term Refinance

A rate and term refinance is a type of refinancing that allows you to change the terms of your current loan and replace them with terms that are more favorable for you.

Get a Quote