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
- 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
Popular Mortgage Refinance Options
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.
Ready to get Pre-Qualified OR learn how to become eligible for a home loan?
GMFS MORTGAGE CUSTOMER REVIEWS
Being a Realtor, I am exposed to all types and kinds of Lenders. GMFS Mortgage took excellent care of me, kept me informed thru the whole process and closed my refinance on time. The whole team, which they are, did a fabulous job. Thank you.
Karen M. GMFS Mortgage Customer
I used Trey Haidet with GMFS Mortgage for my initial mortgage when I bought my house and I have now refinanced with him because of the awesome service I have gotten over the years. I will continue to use GMFS and Trey for any other mortgage needs in the future!
Heather N. GMFS Mortgage Customer
Mr.Gill was extremely helpful and patient through the entire refinance process. It was an absolute blessing and pleasure to have him working with us.
Tamatha D. GMFS Mortgage Customer
It was the easiest mortgage/refi I have ever done. Working with GMFS Mortgage was easy and fast. No complaints!