Most people refinance their mortgages to get a lower interest rate. The lower rate translates into a faster mortgage payoff or a lower monthly payment.

But, a low rate isn't the only reason you should consider refinancing. Refinancing can also help you:
1. Lower your monthly mortgage payment
2. Pay off your mortgage more quickly
3. Consolidate debt

Rate & Term Home Loan Refinancing may enable you to lower your current interest rate and monthly mortgage payments. By refinancing, you may also be able to shorten the length of your mortgage (say, from 30 years to 15 years) while keeping your monthly payment at or near its current level. You could save thousands of dollars in interest and assume full ownership of your house more quickly. Refinancing may also be an easy way to convert your Adjustable Rate Mortgage into a Fixed Rate Mortgage, ensuring a more stable mortgage payment.

Cash Out Refinance Mortgage Loans are perfect ways to create more disposable income, pay off existing debts, do needed home improvements, pay for college tuition, or put a lump sum of cash in your hands.
Maybe you'd like to refinance your existing mortgage to do some investing or start a retirement fund for the future. Perhaps you're ready to take that special trip, or want some extra cash on hand for unexpected emergencies. Whatever your needs, cash out refinance loans are simple ways to gain control of your finances. And unlike credit cards, car loans and personal loans, the interest rate on a home loan refinance may be much less, and your home loan interest may also be tax-deductible (consult your accountant).

Guaranteed Mortgage Funding Corp. offers refinancing in the form of first and second mortgages and home equity lines of credit as well. We help you fully explore all your options.