Ready to pay less in interest on your mortgage or gain access to your home’s equity? A refinance may be the right step for you.

A mortgage refinance is the replacement of an existing mortgage with another mortgage under different terms. Mortgage refinancing can lower your monthly payments and help you pay off other debts, both of which can add up to significant savings.

Knowing your current refinance mortgage rates is important. Barefoot Mortgage can keep you informed and help decide when and which type of refinance may be best.

Barefoot has refinance options for FHA, VA, and USDA (including VA IRRRL and FHA / USDA Streamline options) as well as conventional and non-QM home loans.

Reasons to consider a mortgage refinance:

• Reduce your monthly mortgage payment: Mortgage rates are back to their historical average. A refinance with Barefoot Mortgage may help you lower payment and possibly save you money.
• Consolidate high interest debt: You could pay off those higher-interest debts by refinancing. Even with less-than-perfect credit, we can help you lower your monthly payments and pay off your higher-interest debt. By consolidating your payments into one low tax-deductible monthly payment, you can pay less each month, lower your debt, and improve your credit score.
• Pay Off Your Mortgage Faster: The shorter the term on your mortgage, the lower your mortgage rate. Did you know that you may be able to take advantage of today’s competitive rates by shortening the term of your loan (which means paying less interest) without a significant change in your monthly payment?

When to Refinance Your Mortgage?

We offer information on a variety of mortgage refinancing rates and options. When you are ready to take the next step, contact us at Barefoot Mortgage. We can advise you on which mortgage refinancing program meets your needs.