Unlock the Power of Your Home's Equity
Choose the Right Option for You: Refinance or HELOC
Whether you're looking to lower your mortgage payments or tap into your home’s equity for a big expense, refinancing or a HELOC could be the perfect solution. Let’s find the best option for you.
Why Consider Refinancing or a HELOC?
Refinancing can help you take advantage of lower interest rates, reduce your monthly payments, or shorten the term of your mortgage. This can be particularly beneficial if interest rates have dropped since you took out your original mortgage, or if your financial situation has improved and you want to pay off your home faster.
On the other hand, a Home Equity Line of Credit (HELOC) allows you to borrow against the equity you’ve built in your home. This option provides flexibility, as you can draw on the funds as needed for things like home improvements, debt consolidation, or even unexpected expenses, often at lower interest rates than credit cards or personal loans.
Compare Your Options
| Feature | Refinance | HELOC |
|---|---|---|
| Purpose | Lower monthly payments, new loan terms | Access cash as needed |
| Interest Rates | Typically lower fixed rates | Variable rates |
| Best For | Reducing interest over time | Flexibility for large expenses |
| Loan Term | 15-30 years | Typically 10-20 years |
See How Much You Could Save
Use our quick calculator to estimate your savings or cash available.
See How Much You Could Borrow
Use our quick calculator to estimate how much you can borrow according to your income
Success Stories
"Thanks to my refinance, I lowered my mortgage payment by $200 a month! It was the best financial decision I've made." – Jane D.
"The HELOC gave us the flexibility to renovate our kitchen without the hassle. Highly recommend!" – Mark R.
Ready to Take the Next Step?
Fill out the form above to get started or call us directly at +1 (248) 236-5545 to speak with a loan officer now.
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