![fm=f_YowAke7 A person holding a paper house in their hand.](https://hrhloans.com/wp-content/uploads/2023/01/fmf_YowAke7.jpg)
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
![fm=f_4439 A couple is hugging in the kitchen with an unfinished drawing of it.](https://hrhloans.com/wp-content/uploads/2023/01/fmf_4439-scaled.jpg)
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
![fm=f_kaw0Nr1 A family sitting on the steps of their home.](https://hrhloans.com/wp-content/uploads/2023/01/fmf_kaw0Nr1.jpg)
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