Refinancing Rates & Options

Simply put, a mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your monthly payments, which can add up to significant savings. At Whitecap Mortgage, we can put together a personalized no-cost analysis to show you the benefits that may be available to you by refinancing your existing home loan.

Reasons to consider a mortgage refinance:

Reduce Your Monthly Mortgage Payment

Mortgage rates are still historically low. Depending what your current rate and terms are, refinancing could lower your monthly payment and possibly save you money.

Pay Off Your Mortgage Faster

Generally speaking, the shorter the term on your mortgage, the lower your mortgage rate. Taking advantage of currently low interest rates doesn’t necessarily mean you have to start all over with a 30-year term. There are many options available that could potentially help you pay off your mortgage faster and could help you save money, such as a 15- or 20-year loan.

Consolidate high interest debts

A refinance could be a tool to help you pay off higher-interest debts by refinancing them into a lower rate mortgage. Even with less-than-perfect credit, we can show you how you may benefit from refinancing to consolidate debt into one monthly payment, allowing you to pay less each month and possibly pay off your debt sooner. Our experienced team can guide you thru the options available and if such a refinance would be beneficial to your financial situation and goals.

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Not sure if home refinancing is right for you or have questions on the loan process?

Give us a call at 484-485-2630 and one of our experienced loan consultants will be happy to answer your questions and provide you with the information you need regarding refinancing.

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All loans are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Whitecap Mortgage LLC, 210 S. Mill Rd., Ste. 104, Kennett Square, PA 19348. Phone 484-222-2620. Corporate NMLS#1847550 (nmlsconsumeraccess.com). Licensed by the Pennsylvania Department of Banking and Securities, Delaware State Banking Commission, and Maryland Department of Labor.