Lock in a Low Rate Now
Main office in New York – Loan Programs are available in New York, New Jersey, and Florida
Starr Mortgage Company offers refinance loan programs at a time when rates are at historic lows.
The decision to refinance a home loan should be based on your individual needs and goals. Your plans to own the home for a few years or many years is an integral factor when deciding to refinance. Taking some equity out of the property in a “cash-out” refinance is another option. Each situation is different and we aren’t afraid to spend some time working with our clients to figure out the best move for them.
Some may remember when fixed rate mortgages were as high as 17% but thankfully they have remained very low for several years. Not knowing the future, it is always a good time to at least look into whether a refinance may be in your best interest.
Starr Mortgage Company is proud of our sterling reputation for helping homeowners make the right choice when it comes to refinancing. We want to make sure you receive a loan program that saves you money and offers peace-of-mind for the future.
Why Refinance Your Home Loan?
Homeowners choose to refinance for many reasons:
- Lowering their monthly payments
- Reducing their interest rate
- Shortening the loan term
- Switching from an adjustable to a fixed rate
- Accessing home equity through a cash-out refinance
Refinancing can be a powerful financial tool if used strategically. We’re here to guide you every step of the way.
Cash-Out Refinance: Tap Into Your Home’s Equity
Need funds for home renovations, debt consolidation, or education expenses? A cash-out refinance lets you access the equity you’ve built in your home. It can be a better option than using high-interest credit cards or personal loans.
Let us help you determine if this approach makes sense for your financial goals.
Frequently Asked Questions About Refinancing
Do I have to pay closing costs again if I refinance?
Yes, refinancing usually involves closing costs. However, we’ll help you understand all the costs upfront and find options to minimize them.
What is the difference between rate-and-term and cash-out refinance?
Rate-and-term refinancing changes your interest rate or loan term without borrowing additional funds. Cash-out refinance allows you to take equity out of your home as cash.
Will refinancing affect my credit score?
It may cause a temporary dip due to a credit check, but consistent payments on your new loan can improve your score over time.
How long does the refinance process take?
On average, it takes 30–45 days, depending on the complexity of your loan and documentation.
Know Your Home’s Value
Understanding your home’s current market value is key to making informed refinance decisions. We can help you estimate your property value and explore how it impacts your refinance eligibility.
To Contact Us:
Comparing and contrasting your current loan to available options is our job at Starr Mortgage Company. We’ll explain all the benefits of refinancing in a way that is easy to understand.
With years of experience, Starr Mortgage Company ensures that the refinancing process is seamless and tailored to meet your unique financial goals. Homeowners considering a refinance can get all the information they need to make a sound decision by calling 845-348-3172 to reach us in our Nyack, New York office.
