refinance

LET'S REFINANCE YOUR HOME LOAN

Your home loan is a big part of your life. So, when your needs in life change, we believe your loan should have the ability to adapt as well. As your trusted advisors, we’ll spend time getting to know your current situation and financial goals. Our competitive rates, one-on-one customer experience, and portfolio of innovative products will make the path to your mortgage refinance quick and painless.

HERE'S WHAT REFINANCING CAN DO FOR YOU:

Get cash from your home loan

Reduce your monthly payments

Change your term and lower the amount you pay in interest

How to get cash from your home loan

A cash-out refi allows you to access a portion of your home’s equity and turn it into cash. While it’s true that you can use the cash for whatever you like, the smart decision is to pay off high-interest debt (including credit cards and student loans), or make improvements on your home to increase its value.

TAKE THIS SITUATION, FOR EXAMPLE:

Home Value

$600,000

Mortgage Balance

$400,000

Your New Loan Total

$480,000

Eligible Cash for You

$80,000 (@ 80% LTV)

Eliminate PMI and lower your monthly payments

Think back to when you built your loan and bought your home. If your down payment was less than 20% of the purchase price, you are most likely paying private mortgage insurance (PMI) on top of your monthly payment. The great news is that home values are on the rise, and when you refinance with our low rates, you might be able to eliminate PMI and lower your overall monthly payment. By refinancing the existing loan, total finance charges may be higher over the life of the loan.

TAKE THIS SITUATION, FOR EXAMPLE:

Home Value

$600,000

Original/Current Home Equity

95% LTV / 80% LTV

Refi Amount

$480,000

Monthly Savings

$380

No closing cost refinance and lower the amount you pay in interest

As your trusted advisors, we want to make sure you’re getting the most from your home loan, even if that means a bit less for us. If you refinance with one of our lower rate loans, you could possibly shorten the length of your loan term and might pay less interest overall. Imagine owning your home free and clear! With Gottara, it might be sooner than you think.

TAKE THIS SITUATION, FOR EXAMPLE:

Current Loan Amount

$500,000 @ 4.125% for 30 years

New Loan Amount

$500,000 @ 3.375% for 30 years

Closing Cost

Interest Savings

$112,498