After a tough recent year, we are heading into the new year with many reasons to be optimistic. Interest rates have been trending downward and are actually over 1% lower than they were just a few weeks ago. We anticipate this trend to continue through Q1 and possibly further, which means that both homeowners who purchased in the last 18 months since the rate hike and buyers wanting to purchase in 2024 have opportunities. 

*Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include home improvement, an education fund, and consolidating debt.

Another way to convert equity in your home to cash is a "home equity" loan. A "home equity" loan is an alternative to refinancing if your home loan has a very low rate compared to current interest rates or if you have a prepayment penalty on your loan.

*By refinancing the existing loan, the total finance charges may be higher over the life of the loan.


  • Reduce Your Interest Rate
  • Cash Out Equity for Home Improvements
  • Consolidate Debt
  • Lower Monthly Payments

To Refinance You'll Need: