Get a Refinance Review Today!!!
A Fannie Mae HomeStyle® refinance loan offers a unique refinancing solution for homeowners or investors wishing to renovate their existing property. This type of loan consolidates both the existing mortgage and the anticipated renovation costs into one convenient new loan, applicable for a primary residence, second home, or investment property. The key advantage of a HomeStyle® refinance loan is its versatility, which accommodates a variety of renovation types and property types. However, the loan requires detailed planning, including a comprehensive renovation proposal and, in some cases, the involvement of a HUD Consultant. It offers competitive rates and the ability to fund both minor and major renovations. Discover the advantages of a Fannie Mae HomeStyle® refinance loan today, and seize the opportunity to enhance your property while optimizing your financial terms.
Lower Interest Rates: If interest rates have dropped since you took out your original mortgage, you may be able to lower your monthly payments by refinancing at a lower rate.
Shorter Loan Term: Refinancing to a shorter loan term can help you pay off your mortgage faster and save money on interest over the life of the loan.
Change in Financial Situation: If your financial situation has changed, such as an increase in income or a decrease in debt, you may be eligible for a better interest rate or more favorable loan terms through refinancing.
Cash Out: Refinancing can also provide an opportunity to tap into your home's equity and withdraw cash for home improvements, debt consolidation, or other expenses.
Travis Egan, VA Mortgage Vet
NMLS # 655284
2031 Wilma Rudolph Blvd
Clarksville, TN 37040
(931) 208-6280
Loan Factory
NMLS # 320841
2195 Tully Road
San Jose, CA 75254
(660) 333-3333
Loan Factory is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other federal regulations. All applicants applying for credit from Loan Factory will never be discouraged on the basis of race, color, religion, national origin, sex, military status, marital status, age, or because you get public assistance. All information we request is voluntary and will be kept confidential. For more information on the ECOA, please visit: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.shtm
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