Home Refinancing Programs

Why would I consider refinancing a home loan?

Are you interested in any of the following?

  • Lower your monthly payment
  • Use the equity in your home to take out cash
  • Remove private mortgage insurance (PMI)
  • Reduce the length of your loan
  • Switch from an adjustable-rate loan to a fixed-rate loan
  • Consolidate first mortgage and home equity line of credit (HELOC)

If so, contact an expert at ENG Lending to discuss refinancing options.

Refinancing is the process of replacing an existing mortgage with a new loan. Typically, people refinance their mortgage in order to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable rate mortgage to a fixed-rate mortgage. Additionally, some people need access to cash in order to fund home renovation projects or paying off various debts, and will leverage the equity in their house to obtain a cash-out refinance.

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