At LBS Financial, you'll find a number of home loans for every type of refinance. The goal here is to match the benefits of a specific loan type with your goals. So, let's first look at your goals or needs:
| Your Situation | Consider the following strategy |
|---|---|
| Have little cash | Equity loan |
| Need low closing costs | Ask about our no closing cost options |
| Want to lower your rate and payment but plan to stay over 5 years | Fixed rate loan |
| Want to lower your rate and payment and sell within 5 years | ARM |
| Add a room or other home improvements | Equity cash-out refinance or Home Equity Line of Credit |
| Want to avoid monthly private mortgage insurance | Loan-to-value at 80% or less on 1st mortgage |
| Financing a 2nd home (vacation) | 30-year fixed-rate |
| Want consistent monthly payments | Fixed-rate loan |
Our LBS Financial loan specialist will be happy to go over the options in more detail. Give us a call or visit a branch today.
