Home Equity Mortgage Refi

Refinancing your mortgage to use your home’s equity can help fund renovations, improvements or put a little extra cash in your pocket.

With a home equity mortgage refi you can use the equity you have built in your home over the years. The process involves placing a new mortgage on your property to replace the existing loan. It may seem complex at first, especially if the idea of a new mortgage seems daunting, but the experts at Ross Mortgage can assist you in finding the best solution for your unique needs. A home equity mortgage refi can even decrease your monthly payments if the interest rate is lower than the rate on your current loan.

Because a home equity mortgage refi replaces your existing mortgage with a new loan, there may be fees that need to be paid at the time of closing. You will also likely need a home inspection. Your Ross Mortgage loan officer will go over all of those details with you beforehand and answer any questions you have.

If you’re a homeowner looking for high-quality service with your home equity mortgage refi, the staff at Ross Mortgage can help.. Contact a member of the team today.