You may be able to lower your monthly payment and/or reduce the time it takes to pay off your loan - either or both can save you money.
- May be able to lower your current payments, interest rates, or loan durations
- Get a lower mortgage rate and reduce interest costs
- Convert an adjustable rate mortgage to a more secure fixed rate mortgage
- Consolidate your first and second mortgages into a mortgage with a lower rate
Your Colonial loan officer can quickly determine if refinancing makes sound financial sense based on your interest rate compared to current market rates and other factors.