Why should you refinance your mortgage?
Refinancing can help you lock in a lower interest rate.
Refinancing can give you the ability to consolidate high-interest debt.
Refinancing can put you on the fast track to paying off your home.
Any way you spin it, refinancing is an easy way to improve your financial situation.
Refinancing doesn't have to be so complicated
The refinancing process is similar to the process of obtaining a mortgage loan initially, so it may feel overwhelming to do it with traditional lenders. But Loan Remedy has reimagined the outdated way of lending and refinancing with sleek technology that streamlines and simplifies the process. Our databases ensure quick and simple refinancing solutions, matching you to the most favorable rates and terms you qualify for that rival those on your existing home loan.
How Loan Remedy alleviates the pain of refinancing
Lower rates and payments
When you refinance with us, we use digital tools to help you quickly identify and lock in the best rates when switching from an adjustable to a fixed-rate loan or vice versa. This ensures lower monthly payments that will rekindle your love for your mortgage.
Shorter loan term
We understand that it’s often necessary to take out a mortgage with a long term and a high interest rate to make monthly payments more affordable. But when your financial standing improves, refinance with our friendly specialists to pay off your house faster at the lowest rates.
Funds for debt consolidation
Debt can really limit your financial freedom, but Loan Remedy has a cure for that, too. When closing at a refinance, you can use the equity you’ve built in your home to pay off high-interest debts, whether they be student loans, medical bills, or credit cards.
Cancel mortgage insurance
Once you have 20% equity in your home, you have the option to cancel private mortgage insurance (PMI) under a conventional loan. In fact, whoever services your mortgage is required to cancel it when you owe less than 78% of the home’s appraised value on your loan.
Remove someone from the mortgage
Under some circumstances, such as divorce, one borrower may want to be removed from a mortgage loan. When refinancing with Loan Remedy, we can remove an ex-spouse from the loan to alleviate the pain of this hefty financial burden.
Combine two mortgages into one
Some people have two mortgages on their homes to pay off debt or make home improvements. Now that you love your renovated home, why not make your mortgage easier to love as well? Refinancing makes it possible to combine these two mortgages and reduce payments.