You have heard about how “Rates are historically low, refinance now!” for almost a year. But what does it mean to refinance your home? Refinancing simply means renewing the terms of your mortgage to lower your payment, shorten your term, or even take cash-out. It does not mean you do not have a mortgage anymore; but instead, you’re taking advantage of low-interest rates to save money! Hall Financial will be able to determine what is best for your financial position, provide you 5-star service, more personal attention, and close your loan in 9 business days or less!

With rates being in the 2s and low 3s, it is true that Covid-19 has caused interest rates to drop to their lowest point ever. However, as we start to come out of the woods this spring, interest rates may slowly rise again. That means you should take advantage of low interest now while you still can! From your initial contact with Hall Financial to your closing, our experts will be able to walk you through the documents needed, provide phenomenal communication, and answer all your questions.

Now that you know you can refinance to lower your payment or shorten your term, what about a cash-out refinance? A cash-out refinance means you are taking advantage of the equity in your home. Many homeowners have a ton of equity in their house; they just do not know how to take advantage of it. A cash-out refinance would be right for you if you have ancient kitchen appliances, you’re in need of a new roof, or a brand-new pool sounds ideal for the summer months. A simple call to Hall Financial will get your refinance done quickly and efficiently. One of the best parts is that you might not even need an appraisal! Right now, 2/3 of the loans at Hall Financial qualify for an appraisal waiver, saving you close to $700 right out of the gate.

So how much does it cost to refinance? That question depends on different factors like income and credit scores. However, Hall Financial will be working in your best interest to determine the best option for you. Do not let the fear of previous refinance experiences, or even the intimidating task of finding and sharing your financial documents, keep you from saving thousands! Get started today on your refinance by CLICKING HERE, or call (248)-308-5000.