Home Loan RefinanceThere are multiple reasons homeowners refinance their properties. However, here are some of the most popular:
Cash-Out RefinanceThe purpose of a cash-out refinance is to pay off credit card, installment and other forms of debt with high interest rates. This can help homeowners reduce their number of monthly payments and reduce high interest debt.
Rate and Term RefinanceToday home loan interest rates are at an all time low. This is a great reason to contact All American Financial Service to reduce the rate and term of your home loan. For example, on certain occasions home owners can reduce the term of their loan and also receive a lower payment.
Mortgage InsuranceAre you paying personal mortgage insurance? This can be very costly if you didn’t have at least 20% downpayment for your home. Just call All American Services for more information about home loan refinancing.