Mortgage

Mortgage refinancing provides you the opportunity to swap an older higher interest home loan with a new lower interest home loan secured by the same existing property. The process for refinancing is comparable to the one for getting your original mortgage loan. Can get loan in lump sum or line of credit. Generally, mortgage rates are higher than a home equity line of credit. A home equity loan is a fixed or adjustable rate loan secured by the equity in your home as collateral. If you’ve been paying your home loan mortgage for some time and have equity built up in your home, a home equity loan allows you to access that cash for personal use.