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We care about your goals. Tell us what you’d like to achieve, and our loan experts will walk you through the refinance process with the personalized guidance you need from start to finish.
When market rates are lower than the present rate on your mortgage, refinancing may provide significant savings on your monthly mortgage payment.
You can use a refinance to shorten the term of your mortgage, which may allow you to pay off your mortgage sooner, or build equity faster. This may result in a slightly higher monthly payment, but you may also save money by paying less toward total interest over the life of the loan.
If you’re currently paying monthly mortgage insurance, refinancing may allow you to tap into your home’s equity to eliminate the need to pay this monthly expense.
If you have an adjustable-rate mortgage, refinancing to a fixed-rate loan can lock in a low rate for the life of the mortgage, which may result in a significant cost savings.
Cash-Out Refinancing allows you to turn your home’s equity into cash. You might use the equity to pay off debts, fund a retirement plan, purchase an investment property, make home improvements, or cover the cost of other large expenses such as college tuition.
First Heritage Mortgage is proud to be a HARP-approved lender. Through HARP, eligible homeowners with little or no equity in their home can get a lower interest rate, get a shorter loan term, or change from an adjustable to fixed-rate mortgage.
A First Heritage Mortgage loan officer can help explain why refinancing might be the right option for you.