Rate/Term & Streamlines
❖ Streamlines – no appraisal and no out of pocket cost (for lower rates and/or terms)
❖ Lower your payment
❖ Lower your rate
❖ Eliminate mortgage insurance
❖ Shorten your term
❖ Conventional, FHA and VA
Cash Out
❖ Debt consolidation – pay off high interest debt at little to no cost
❖ Home renovations – add square footage or update that kitchen you’ve been wanting!
❖ Send your kid to college!
❖ Buy a second home!
❖ Terms from 8-30 years
❖ Conventional, FHA and VA
Equity
❖ Tap into your equity without increasing your 1st mortgage rate
❖ No cost options
❖ Plan ahead with a rainy day fund
❖ Low monthly payment
❖ Interest only
❖ No appraisal options
