Just like your car, sometimes you need to trade in your mortgage loan. Simply put, refinancing means you will be replacing your current mortgage with a new one. In many instances we can provide our customers with better rates and/or terms.

Good reasons to refinance:

• Taking Advantage of Your Equity — If you've lived in your home for a number of years, chances are you've gained some "equity" that you may be able to access when you refinance your mortgage. We will work with you to determine if refinancing your home to access your equity may be a smart way to meet your needs.
• Converting to a Different Type of Loan Product — Some people decide to refinance adjustable rate mortgages (ARM), while others choose to convert an existing ARM to a fixed rate loan. Lynmar Lending Group can help you understand the advantages of either option, so you know more about which product is best for you.
• Getting a Lower Interest Rate — Refinancing offers you a way to take advantage of attractive lower rates. By refinancing the same loan at a lower interest rate, Lynmar Lending Group may be able to help you free up extra cash, which can be a smart move in any economic environment.

For life’s unexpected events, the equity in your home can help.

Cash-out refinancing allows you to access the available equity in your home by taking out a new mortgage that is greater than your current mortgage. The difference between your current mortgage and your new mortgage (and any applicable closing costs or fees) is the cash in your hand! Use it to:

• Pay off debt
• Fund Home Improvement Projects
• Pay for education

Since cash-out refinancing is a first mortgage, it typically has a lower interest rate than a home equity loan (a second mortgage).

Refinancing your mortgage is a great way to consolidate your debt into one easy monthly payment.

Our debt consolidation loans have helped people like you take advantage of the money they’ve invested in their homes. Lynmar Lending Group may be able to help you reduce the double-digit interest rates you’re paying on credit cards, bank loans, department store charge cards, car loans and more, simply by utilizing the equity in your home to consolidate your debts into one easy payment.

Remember, mortgage interest may be tax deductible, while most interest on credit cards, department store cards and other types of debt is not.