Century Funding, Ltd. - Mortgage Loan Process

Refinancing is more than just a process of changing or adjusting your existing mortgage. There are several reasons one might want to refinance:

    Lower your interest rate
    Lower your payment
    Switch from an adjustable rate to a fixed rate
    Cash out for debt consolidation, home improvements, college
        funds, investments, etc.
    Lower the term of your mortgage--for instance from a 30 year
        loan to a 20 year or 15 year loan

When you refinance, you start a new loan process which means you will be asked to complete a new loan application, have your credit checked and complete the loan process.

Refinancing involves many of the same fees and services you paid for when you first bought your home. As well, the decrease in the monthly payment can also help offset these costs.

Our experienced staff can assist you in the benefits and costs of refinancing based on your own situation.