Refinancing for the future

There are many good reasons to refinance your mortgage. Many people refinance to lower the rate that they are paying thus, reducing their monthly payment. Others choose to refinance to a shorter mortgage term, for example, from a 30 year term to a 15 year term. This can save a person a huge amount of interest payments over the term of the loan. Another reason people refinance is to take cash out from the equity that has built up in their home, cash proceeds that can be used for almost any reason such as home improvements, college tuition or to consolidate high interest rate debt. Whatever your situation is, a refinance can often be a wise financial move.

Reduce your current interest rate


Cash Out Equity for Home Improvements


Consolidate outstanding Debt


Lower Monthly Payments


What does a “rate and term” refinance mean?

A Rate and Term refinance refers to a standard, no cash-out refinance. The objective, in most cases, is to lower the rate and payment or, reduce the term of one’s mortgage. Reducing your interest rate can save you hundreds of dollars per month while, reducing the term can save you thousands of dollars over time. At PLS Mortgage Services, the first question that we ask is “what is your primary objective?” when it comes to refinancing. This allows us to tailor the best mortgage options for you.

What does a "cash out" refinance mean?

A Cash Out refinance allows a homeowner to access the equity that has built up in their home. Generally, you can borrow up to 80% of the value of your home. The cash proceeds can be used for almost any purpose. The most common uses are for home improvements, debt consolidation, college tuition or future investments.

The Benefits

Whether you are looking to lower your payment, shorten the number of years that you will be paying your mortgage or, want use the equity in your home, refinancing is often a prudent financial move. Why should you pay more than you need to?

Have questions? Call us at (833) 757-5363

Ready to get started?

Fill out the following form and a PLS Mortgage Specialist will be on contact with soon after.