Are you ready to refinance? Refinancing your home can help you lock in a better mortgage rate and take advantage of built-up home equity, if you are a longtime homeowner. Mortgage interest rates can vary, depending on what your circumstances are. If your home value has risen or interest rates have dropped, this can be the prime time to refinance your home and make an impact on your finances.
At North Star Mortgage, we work to help you find the best refinancing loan for you. With options from no closing cost option, lower interest rates, reducing your total interest paid, refinancing for a shorter term, and cash-out refinances, we have multiple choices available to you. Through refinancing your home, you can reduce your payments, get cash out of your home today, save money, and pay off your mortgage faster.
But I Want My Rate To Stay The Same
One of the most popular mortgage products we have is a traditional fixed rate loan. With a fixed rate mortgage, you can rest assured that your interest rate will remain consistent throughout the duration of your loan. Fixed rate mortgages give homeowners better control and flexibility over their finances, so that they can budget better.
Our fixed rate mortgages come with:
- The ability to provide for cash-out refinances.
- Low down payment options for qualified borrowers.
- 10, 15, 20, and 30 year terms to choose from.
- Loan amounts up to $424,100
I’m 62 Or Older And I Want To Capitalize On My Home’s Equity
North Star Mortgage is one of the most trusted originators of Reverse Mortgages in the United States. We help homeowners who are 62 and older to capitalize on the equity that has been built in their homes so that they can secure both peace of mind and financial independence. Our government-issued Reverse Mortgage Program allows homeowners 62 and older the capabilities to access the built-up equity in their homes through the use of tax-free advances that can be spent as you desire.
Ways You Can Use A Reverse Mortgage
Looking for financial independence and peace of mind? A reverse mortgage can do that for you. You can use a reverse mortgage to:
- Reduce credit card debt
- Purchase a second home
- Pay off existing mortgages
- Remodel or repair your home
- Pay off healthcare expenses
- Plan for the future and long-term needs