Buying a home is one of the biggest purchases you will likely ever make in your lifetime. That’s why it’s imperative to have mortgage professionals on your side that you can trust. Licensed mortgage professionals from Forest Hill Mortgage Corporation are on your side; we work for you so that you can get the best possible rates and terms. We also make the process of securing a mortgage easy.

Our mortgage experts take the time to understand your financial goals and to discuss the range of mortgage options that are available to you so that you can choose the best option to fit your financial goals. There is absolutely no obligation. With Forest Hill Mortgage Corporation, each option is customtailored for you. That’s because we work with all major banks, credit unions, and trust companies to find a mortgage that is right for you and meets your financial goals. In fact, we have access to over 290 lenders. This makes it possible for us to find very competitive mortgage rates for our clients. We do not rest until you are satisfied.

Forest Hill Mortgage Corporation has the ability to shop your mortgage to many different lenders and institutions, only pulling your credit report once! If you tried to do the same thing yourself, you would pull an inquiry against your credit and potentially affect your score every time you applied for a rate.

What is Home Refinancing?

There are many reasons why homeowners may choose to refinance their home. For example, it can allow homeowners to reduce their interest rates and therefore reduce their monthly mortgage payments. This is among the leading reasons why homeowners choose to refinance their home; even 1% savings provides enough reason for homeowners to justify refinancing. Not only does refinancing allow homeowners to reduce their interest rate (and therefore their monthly payment), but it also allows them to increase the rate at which they build equity in their home.

Home refinancing can also give homeowners the opportunity to shorten their mortgage. For homeowners that change from a 30-year mortgage to a 15-year mortgage, homeowners can potentially save thousands of dollars over the course of their loan.

Home refinancing can also allow homeowners to convert from an adjustable-rate mortgage to a fixed-rate mortgage, giving homeowners the security of paying the same amount of interest over the course of the loan.

Some choose to refinance their home in order to tap into the equity of their home so that they can make a larger purchase. They may use these additional funds to renovate their home, buy another property, or cover unexpected expenses. Others refinance their home in order to consolidate their debt.

Home refinancing can be a great option for homeowners looking to improve their finances. If used carefully, home refinancing is also a great tool for homeowners to control their debt.