Refinancing your mortgage loan may be the right decision for you if your home’s value has significantly increased or current interest rates are considerably lower than they were when you purchased your home. Through a refinance with Fairway, you may be able to:

• Shorten your loan’s term to save even more money • Refinance into a lower interest rate, which might also lower your monthly mortgage payments
• Convert your adjustable-rate mortgage (ARM) to a fixed-rate mortgage, which will keep your payments safe from possible interest rate increases in the future
• Combine a first and second lien to a single loan for simplicity and possible savings
• Consolidate debt from higher interest rate credit cards or subordinate financed loans into one loan, which may result in lower monthly payments
• Turn your home equity into cash