P (608) 572-7222F: (888) 988-0013
Stampfli Mortgage | NMLS # 1598803303 S. Main Street | Verona, WI 53593
Refinancing is an excellent way to restructure your debt. There are several programs designed to reduce your rate or the term of your home loan. There are other refinance options which allow you to cash out the equity in your home or reduce your mortgage insurance. To learn more, call (608) 572-7222 or simply fill out a no-obligation online application today!
You deserve the very best Wisconsin mortgages. The housing market and the financial markets change over time. Your own situation changes over time. This may mean that you are paying more than you need to on your current mortgage. There are several options and ways to restructure your mortgage to make the most out of it.
Rate reduction refinance is a great option when the current mortgage interest rate is lower than the rate you're paying on your current mortgage.
Term reduction refinance is a great way to pay less interest over the lifetime of your mortgage. If you have a 30 year fixed rate mortgage and you refinance into a 15 year fixed rate you will save quite a bit. You can plug different numbers into our amortization schedule to see the impact this can make over time.
Refinancing to remove mortgage insurance can also save on your monthly payments. FHA Mortgage insurance rates do change, but the only way to take advantage of the change is by refinancing. If your home value has increased, you may also want to look into refinancing to remove mortgage insurance all together.
FHA Streamline Refinance: An easy home loan with minimal paperwork. No appraisal, no lengthy income verification...relatively hassle free.
FHA Cash Out Refinance: Consolidate debt, make home improvements or use your equity for something else. FHA allows you to cash out up to 85% of your home's current value.
VA Cash Out Refinance: Use the equity in your home however you want. VA allows you to cash out up to 100% of your home's current value.
VA Interest Rate Reduction Refinance Loan (IRRRL): Similar to the FHA streamline refinance, you do not need an appraisal, nor do you need to provide 2 years of taxes for income verification. Simply start saving on your monthly payments.
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