A Certified Financial Planner ™ with almost 20 years of industry experience who previously served as both a Military Intelligence officer and enlisted soldier in the US Army. Appalachian State University graduate with a daughter at Auburn studying Disability and Rehabilitation Science, and a 5th-grade son that plays goalie in the fall and pitcher/shortstop in the spring. He and his wife Carly recently celebrated their 24th anniversary. Also serves on the board of the Greater Huntsville Humane Society.
Please note: You will be taken to an application page that will require you to create an account if you have not created one already.
If you are looking for a lower rate to ease cash flow or a shorter term to get your mortgage paid off sooner, we can help you make the RIGHT decision.
Getting a new mortgage to replace the original is called refinancing. This process allows the borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, then the newly refinanced loan goes into effect.
It is common for people to refinance when they have equity in their home, which is the difference between the amount owed on their mortgage and the appraised value of the home. In that situation, the borrower has an option to “cash-out” (hence the term cash-out refinance) the value of their home equity allowing them to remodel their home, consolidate debt, pay for college, or other expenses.