There are many reasons you may be thinking about refinancing your home. Whether you’re interested in lowering your interest rate or pulling out some cash to finance a home renovation, Georgia United can help! Our expert loan consultants will work with you personally to understand your needs and walk you through the entire process.
Five Reasons to Consider Refinancing Your Home
- Lower your interest rate
- Shorten the life of the loan
- Pay for home renovations
- Pay down extra debt
- Pay for college tuition
Which Refinance Option is Best?
Let us help you put your money where you need it most. Choose the refinance option that works best for you:
||Cash Out Refinance
A Cash Out Refinance is when you take out a portion of your home equity without selling your home. Keep in mind, the cash taken out may cost you more interest over the life of the new loan.
||Home Equity Loan
A Home Equity Loan is a fixed rate second mortgage that is based on the equity in your home. Similar to a first mortgage, you'll receive all the money upfront and make monthly payments on the principal and interest for the life of the loan.
||Home Equity Line of Credit (HELOC)
A HELOC is a variable rate home equity loan that works like a credit card where one can pay down on the balance and use the funds again.