Your first step is to determine what you want to achieve by refinancing. It could be the right time if.

• 1 Your adjustable rate mortgage payment is increasing.
• 2 You want to consolidate monthly debt such a credit cards, car loans, etc.
• 3 Your current interest rate is higher than today’s rate and you want a lower payment.
• 4 You want to “cash out” equity to use for college tuition, vacation, or home improvements.
• 5 You want to pay off your mortgage faster by reducing your loan term, saving interest on the life of your loan.

*When refinancing, your total finance charges may be higher over the life of the loan, please consult with a loan officer for more details.