While mortgage rates have risen considerably this year, rates remain low when compared to historical standards. Moreover, rates are expected to continue to rise, making now a great time to buy, refinance or remodel. Act now before rates rise further.

Do you need cash for a big expense? A cash-out refinance lets you borrow from your home equity and use the money for any purpose. Many homeowners cash-out equity to finance home improvements or renovations, consolidate debt, pay college tuition, or bulk up an emergency fund.

Do you want to pay off your home early? Consider refinancing to a shorter-term loan, like a 10-year or 15-year mortgage. This could help you pay off the loan sooner and save money on interest.

Have your personal finances changed? If your financial situation has improved, you might qualify for a much better interest rate and loan program than you were initially approved for. Paying off a student loan or credit card debt can result in a higher credit score and lower debt-to-income ratio. Also, increased home equity can help you qualify for a lower-cost mortgage loan.

Is your adjustable-rate mortgage about to reset? If the fixed-rate period on your ARM is nearly up, it’s an excellent time to refinance into a new fixed-rate mortgage. You could lock in a fixed interest rate for the rest of your loan term.

Let the experts at National Iron Bank help you today. Click here to learn more!