There are many smart reasons to refinance your existing home loan. Whether your current mortgage is with Howard Bank or another lender, our Maryland-based experts have home refinance options just for you.
When you refinance your home, you can:
- Lower your interest rate: If current mortgage rates are lower than what you’re paying, consider refinancing your mortgage at a better rate.
- Reduce your monthly payment: You may end up with lower payments if you refinance to a mortgage with a lower interest rate or longer payoff period (from 15 years to 30 years, for example).
- Pay off your loan faster: You can choose to reduce your loan payoff term when you refinance to a shorter term, such as from 30 years to 20 years or even 15.
- Switch from one type of home loan to another: You can shift from an adjustable-rate mortgage, or vice versa.
- Take cash out
HOW TO REFINANCE YOUR HOME
Howard Bank home mortgage experts will guide you through the refinance process. Call us at 410-750-0020 or email us.
START AN ONLINE PRE-APPLICATION
Get prequalified and start your refinance pre-application.