Refinancing

Are you unhappy with your current mortgage interest rate? Is your monthly payment too high? Or are you hoping to consolidate your debt, shorten your loan term or take cash out of the equity in your home?

There are several great reasons to consider refinancing your home loan, especially when it can save you thousands in the long run and help you get more out of your home investment. Rely on our team at MegaStar Financial to discover the many refinancing programs and options available to you. Our team is here to assist you from start to finish, and it all starts with a conversation with us. Let us help you explore the costs, discuss home loan options in the current market, and find the perfect fit for your needs.

Refinancing Programs and Options

If you are seeking a better deal on your mortgage, a rate and term refinance with MegaStar Financial can help. This is a great option for you if:

  • Your interest rate is higher than the current market
  • Your mortgage is an ARM with a fixed rate that is about to expire
  • Or you are removing your private mortgage insurance

And if you’ve seen a change to your income, assets or debts and can now pay off a new mortgage with shorter terms, we’re here to help. Our rate and term refinance option may be able to get you a lower interest rate, smaller monthly payment or a shorter term.

If you have a significant amount of equity in your home and you need to convert that equity into money you can use today, talk to our team about a cash out refinance. This may be a good option for those wanting to make home improvements, consolidate debt, or make another long term financial investment. Although cash out refinancing sometimes gets a bad reputation, it can be a helpful way of leveraging your home investment to help fund other purchases that wouldn’t otherwise be possible.

For many individuals facing a divorce or partnership change, it can be beneficial for one partner to keep the home and buy out the other’s equity. An equity buyout refinance allows you to stay in the home while the other person will receive cash for their full equity in the home and no further connection to the original mortgage.

And unlike conventional loans that will only allow you to refinance 80% of the home’s value, with MegaStar’s equity buyout option, you can refinance up to 95-97% of your home’s value. Let our team help you navigate the world of refinancing with ease.

If you have debt you’d like to consolidate into your home’s equity and down payment, a MegaStar debt consolidation refinance might be right for you. Instead of the 15-20% interest for credit cards, your consolidated debt will have the 5% interest rate of your home loan with a fixed payment. It’s a great way to leverage your home investment in order to get yourself back on track, have some financial breathing room, and save money on your credit card interest.