Refinance
Refinancing is the act of taking on a new loan with different terms. Reasons for refinancing your mortgage include lowering your payment, shortening your term or using the equity you’ve built up over time to get cash out of your home.
Find out if NOW is the right time to refinance from an experienced Merit Capital Mortgage professional! You may be able to lower your monthly payments or reduce the time it takes to pay off your home loan. You may also be able to save even more if you use your refinance proceeds to pay off credit card or other installment debt, since mortgage interest is usually 100% tax-deductible, and interest on consumer debt is not.
Here are some important reasons to consider refinancing:
- Lock in a lower mortgage rate and reduce interest cost
- Convert an adjustable rate mortgage to a secure, fixed-rate mortgage
- Consolidate your first and second mortgages into one mortgage with a lower rate
- Get cash for family wants and needs
What’s Your Goal?
- Lower monthly payment
- Pay off mortgage faster
- Get cash from home
- Consolidate debt
- Earn more from investment property
Popular Loan Products
At Merit Capital Mortgage, we understand that not every mortgage product can fit every customer. Our goal is to find the best fit for our customers. Click on the following loan products to learn more.
- Conventional Loans
- FHA
- VA Loan
- Private money
- Down payment assistance