Refinancing your mortgage is a great option for homeowners who are looking to lower their rate or utilize the equity they’ve built up in their home. First American Mortgage Corporation is the leading provider of home mortgage refinances in Wheaton, Glen Ellyn, Elmhurst and the remaining western suburbs. For more information on refinancing your current mortgage, please contact me today at (630) 842-3733 or fill out the quick quote form on the right.
What is a Mortgage Refinance?
A Mortgage Refinance is getting a new mortgage to replace the existing mortgage. Refinancing is done to allow a borrower to obtain a better interest rate or to access the equity in their home without opening an Equity Line or second mortgage. With a Mortgage Refinance, the original loan is paid off and a new mortgage is created with the updated loan amount and terms.
Advantages of Refinancing your Mortgage
Homeowners are able to refinance their current home loan for various reasons whether it is to reduce their monthly payment, reduce their interest rate, take cash out of their home equity, etc.
How to Qualify for a Mortgage Refinance
Qualifying for a Mortgage Refinance at First American Mortgage is a simple process. We can discuss your current mortgage scenario and determine if there’s a loan program that will be beneficial to you. Usually we are able to help you lower your current interest rate or use some of the equity in your home to pay off existing debt. To qualify for a Mortgage Refinance, we will run a credit report and review your income and assets to determine which loan program is best for you.
Refinance your Mortgage Today
For more information on refinancing your current mortgage, please contact me today at (630) 842-3733 or fill out the quick quote form on the right. I will be happy to answer any questions that you have and help you decide which loan programs would be most beneficial to you.
