• A team of Home Financing Consultants who live locally in the communities we serve and can provide expert guidance every step of the way.
• Free pre-approvals, including a convenient online application so you can get pre-approved day or night
• A variety of programs and rates to choose from
• Helpful calculators to determine rate, cost, and monthly payments

Refinancing your mortgage has the potential to save you thousands of dollars over the life of your loan. But is it the right option for you? Align can help you decide by looking at the big picture and what you want to accomplish. Some possible reasons to refinance are:

• You want to lower your monthly payment.
• You want to reduce the total amount you pay for your home.
• You want to use your home’s equity to take cash out.

The most common type of mortgage, the fixed rate mortgage is ideal for homeowners who want the certainty of a predictable monthly principal and interest payment.

• A variety of repayment terms, including 15, 20, and 30 years
• Offers protection from rising interest rates during the loan term
• A great choice for homeowners who plan to stay in their homes for a long time
• No penalty for paying off the loan early
• All loans serviced locally
• Home Insurance available

Adjustable rate mortgages (ARMs) have an interest rate that may periodically change. Generally, these changes are determined by a margin and an index so that the interest rate changes, up or down, are based on market conditions at the time of the change.

• A variety of repayment terms featuring a fixed rate for a designated time period, including 5, 7, or 10 years – with an annual interest rate and payment change during the remainder of the term
• Usually offers a lower rate than a fixed rate loan during the initial fixed rate period
• A good option for buyers who plan to sell within 5 to 10 years
• No penalty for paying off the loan early
• All loans serviced locally
• Home Insurance available

Taking cash out when you refinance means receiving a one-time cash payment at the time of the refinance. To get cash out, you need to get the loan for more than you currently owe on your principal mortgage balance.

• Consolidate high interest debt
• Home improvements
• College tuition
• Make a big purchase
• Yield the tax benefits*

*Consult your tax advisor.