"For over 20 years, we have relied on Tim Sickinger’s knowledge and expertise when financing our home. Tim’s reliability, integrity and honesty are unparalled."

John & Ann Mastoianni
Home Owners



If you already have a mortgage, it may make sense for you to refinance. You may be able to take advantage of better rates and terms and potentially save thousands over the life of your loan. When you refinance your mortgage, you're paying off your old loan and creating a new one. You may even decide to combine both a primary mortgage and a second mortgage into a new loan. You may be able to save money by getting a lower interest rate, changing to different terms (i.e. switch from a 15-year to a 30-year term) or taking cash out of your home’s equity. There may be several good reasons why you should refinance, such as:

  • Reduce your monthly mortgage payments
  • Take out cash at closing—consolidate your debt (speak to your financial advisor)
  • Switch to a fixed rate from an adjustable rate mortgage (long-term savings)
  • Say goodbye to Mortgage Insurance

Benefits aside, there are several factors to consider when thinking about refinancing your home. As with any mortgage application, a lot depends on your particular circumstances, such as credit, income, assets and whether refinancing will provide a net tangible benefit for you. Timing may also be a factor in determining whether refinancing refinancing is is right for you. Consult with your mortgage professional for information specific to your particular situation. Refinancing could make sense if your adjustable rate mortgage is about to reset to a higher rate.