;

switching loan types

Don’t get stuck in a loan that doesn’t fit.

what's the benefit of switching loan types?

Loans aren’t one size-fits-all, and the benefits will vary widely based on your individual situation. But to get you thinking, here are a few examples:

  • Say you’re flush with cash from a new raise and want to pay off your mortgage faster. You could pay down more of your existing loan, or you could refinance to a shorter term with a lower interest rate and save money while you’re at it.
  • On the other hand, if your home has lost value, and now you’re stuck with a loan amount larger than what your home is worth. Switching to a HARP loan could help reduce your monthly payments.
  • Maybe you didn’t qualify for a VA loan when you first purchased your house, and now you do. VA loans come with benefits that could definitely be worth switching for.
  • Or perhaps you’ve decided you want to stay in a house you financed with an ARM. Changing to a fixed rate mortgage can help you avoid the interest rate spikes that come after your introductory period.

Need help with the next step? Call, live chat, or apply for a free rate quote today.

Let us help you find the perfect loan for you.

30 Day Guarantee

Tight moving deadlines? No problem! Meet even the tightest deadlines with our 30 day purchase closing guarantee.*

For almost twenty years, we’ve done nothing but residential mortgages. That’s a lot of experience—and a lot of expertise. We do everything in-house, so our mortgage professionals can guide you through our streamlined process, from credit check to closing.