1. Why should 
I refinance my current mortgage?
There are a number of reasons you may want to consider refinancing your current mortgage.

• Lower your interest rate, thus lowering your monthly payment.
• Maximize your cash flow with lower payments for a longer term.
• Convert an adjustable rate mortgage to a fixed rate mortgage.
• Pull cash out of the equity in your house to use for other things, such as paying off debt, home improvements, college education, etc.
• Consult your loan officer to see if refinancing is right for you.

2. What factors should I evaluate when considering refinancing?
Consider the following factors when making your decision:

• What is the difference between your current rate and the new rate?
• How long do you plan to be in the home?
• What are the costs associated with the refinance?
• What is your break-even point for the refinance?
• Do you feel comfortable with the new payment?
• Do you need to pull out equity from your house?

These are just some of the questions you should ask yourself. Your loan officer can help you decide if refinancing is right for you.

3. Can I take cash out of my house when I refinance?
Yes. There are limitations on the amount of cash you can take out, but some programs allow cash out with loans totaling as high as high 100% of the total value of your home. Your loan officer can give you details on the various options available to you