GMFS Mortgage will help you understand when and if you should refinance your house. We make it easy to refinance your home and a refi could save you a significant amount of money and/or improve your cash flow.
GMFS Mortgage has helped over 66,000 families refinance!
Contact a GMFS Mortgage Loan Officer today!
Benefits of Mortgage Refinancing
Refinancing a mortgage means paying off your existing home loan and replacing it with a new one. Typical benefits of a refi include:
- Lower interest rate and lower monthly payment
- Possibly lower your monthly mortgage payment by decreasing or eliminating mortgage insurance
- Consolidate debt
- Use your home’s equity to generate additional cash
- Changing the loan terms for savings or to build equity faster
- Improve your credit and your monthly cash flow
Note: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. Always consult with a tax advisor concerning tax implications of your mortgage.
Mortgage Refinance Options & Resources
Cash-Out Refinance is when you use your home’s equity to refinance for more than the outstanding balance owed on your current mortgage. Then, after paying off your original mortgage, the amount left over is used to payoff your other debt or for other needs (e.g. remodel, tuition, your business, etc.)
FHA Streamline Refinance: Homeowners with a current FHA loan can save money by refinancing to a new lower rate and payment.
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This experience was very streamlined & smooth! It could not have been any more convenient! We highly recommend Greg Price for your Loan or refinance needs!
Julie C. GMFS Mortgage Customer
Friday September 29, 2023
Professional and Friendly. Kept us informed all the way through the refinancing process!
Jerry T. GMFS Mortgage Customer
Tuesday March 22, 2022
GMFS team are the best. Ryan was my go to person. He made everything seem so easy. He was always available to answer any questions and he explained everything so I understood. He was my loan officer for the purchase and refinance. I would highly recommend Ryan and his team to anyone who’s looking to buy or refinance!
Gloria T. GMFS Mortgage Customer
Saturday March 5, 2022
GMFS has services my family members. This was first time using them. They efficiently worked to close my refi on time. Their service is top notch.
Julie D. GMFS Mortgage Customer
Monday February 28, 2022
GMFS in Covington is so easy to work with. I would highly recommend them if you are looking to purchase or refinance any time soon!
James B. GMFS Mortgage Customer
Wednesday December 29, 2021
Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.