Refinance means paying off your current mortgage by obtaining a new one. Individuals refinance for various reasons, such as to lower monthly payments, to remove a prepayment penalty, or to get a different loan type or term. Some homeowners refinance to get cash out of their home. They do this by borrowing against the equity in their home and receive cash in exchange. This cash may be used to pay off credit cards, to pay for college tuition, to pay medical expenses, or even purchase another home.

Is Refinancing Right for You?

If you own your own home, and if your home is worth more than you owe on it, then you have equity in your home. And if your monthly payments on your debt obligations, such as mortgage payment, credit card payments, and/or car payments are difficult to meet each month, refinancing may help. If you need money for a specific purpose (e.g. college tuition, wedding, medical expenses, etc.), your home equity may be able to help. To find out if you are eligible for refinancing, call and speak with a Profolio Home Mortgage loan consultant. By explaining your current situation and what you wish to accomplish, we’ll work with you and let you know if we can unlock some of the equity in your home to help you in achieving your financial goals. Our friendly and competent staff is ready to assist you – and we’ll work to make the process seamless.

Call us on toll-free: 866-207-5340

click here to apply