Residential Refinance

Refinancing can make sense for many different reasons. No matter what the reason is for you; it’s important to work with a company that will help you make the right financial decisions. At Colonial First; our client’s needs come first. We always keep your best interests at heart and only measure our success through your satisfaction.

Here are some ways Colonial First Mortgage can help reach your refinancing goals:

Lower Interest Rate
Today’s rates are still at historic lows.  You can save hundreds of dollars per month by simply refinancing your mortgage to a lower rate.  Colonial First Mortgage can help you lock in a super low rate and lower your monthly payments for good.  Call us today to discuss our current rates.

Lower Monthly Payments / Consolidate Debt
Since everything costs more these days; everyone could use lower monthly payments.  Colonial First has helped countless homeowners consolidate their high interest debt and other expenses into one lower monthly payment.

You could save $600, $700, even $800 per month!  Some clients have saved as much as $2,000 per month.  A new mortgage can help consolidate your credit cards, personal loans, car loans, student loans, and even delinquent debt into one low payment.

Get Cash Out
In life; things happen.  And sometimes we all need a little extra cash.  Whether you’re paying for college education, making home improvements or dealing with an unexpected expense; using the equity in your home to draw cash can be a very appealing option.

Now with historically low rates; taking cash out of your home is more cost effective than ever.  We can often offer our clients loans with lower rates than credit cards or personal loans.  You could even save money on your taxes by using your home to draw the cash you need (speak to your tax advisor).

Best of all, your payments don’t necessarily have to increase!  Our clients have been able to access thousands in cash and reduced their interest rate at the same time.  This kept their payments low.  Call Us today to discuss how much you should borrower and which loan is right for you.

With historically low mortgage rates; taking cash out of your home is more cost effective than ever. It’s usually at a better rate than credit cards or personal loans. You could also increase your tax deductions by using your home to draw the cash you need (speak to a tax advisor). And your payments don’t have to increase either. Many clients have been able to access thousands of dollars in cash and still keep their payments lower.

If you’re interested in taking some cash out of your home; please contact one of our Mortgage Professionals today. We’ll give you all of your options and help you choose how much you should borrower and which loan is right for you.

Pay off your Home Sooner
You can also refinance in order to shorten the term of your mortgage.  By switching to a 20, 15 or 10 year mortgage term, you can save thousands in interest.  Shorter term loans usually also carry lower rates.  With that combination you can dramatically reduce the amount of interest you pay throughout the life of your loan.  Call Us today to discuss if a shorter term mortgage is right for you.

Stop Rising / Adjustable Payments
Refinancing your mortgage can make a lot of financial sense.  You may want to get a lower interest rate and reduce your monthly payments or you could use your home to consolidate expenses.  You could even pull out cash for home improvements or college tuition.  There are many good reasons to refinance.

No matter what the reason is for you; Colonial First Mortgage wants to help.  We offer low rates and a variety of loan options.