Whether you are considering refinancing to lower your rate or get cash from your equity, you may want to refinance a mortgage with U.S. Bank because it offers several loan programs and competitive rates.
You may choose to refinance their homes for different reasons, including lowering your interest rate or getting cash from the equity of your home. Whatever the reason, you may want to refinance a mortgage with U.S. Bank because it offers several loan programs and competitive rates.
If you want to refinance your mortgage with U.S. Bank to get a line of credit from your equity, consider the company's popular Home Equity Line of Credit (HELOC). This product allows you to lock in a introductory rate for six months. This introductory rate is currently 1.99 percent, which is lower than many lenders are offering. The basic terms include a 3.99 variable rate after the promotional period ends. This HELOC has no closing costs, low monthly payments and competitive interest rates.
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U.S. Bank's Home Equity Loan is a second mortgage that helps you pay for one-time financial needs. With this loan, you can consolidate your debts. This loan offers the security of a fixed rate on the principal for the entire life of the loan. In addition, you gain tax advantages, low monthly payments and competitive interest rates with no closing costs. With this refinance mortgage with U.S. Bank, funds are disbursed in one lump sum payment. If you are approved, you will have access to your funds in just four business days.
Lastly, if you are looking to refinance your mortgage with U.S. Bank to lower your monthly payments, you should consider their more traditional refinance programs. U.S. Bank offers Federal Housing Administration (FHA) refinancing on your home in addition to their own conventional refinance programs. Depending on your credit history, you can lower your monthly payments significantly. U.S. Bank may also be able to help you owe more on your home than it is worth because the bank participates in the federal Home Affordable Refinance Program (HARP).
Whatever the reason you want a refinance on your mortgage with U.S. Bank, consider all your options. U.S. Bank participates in government refinance programs as well as traditional refinance loans. A U.S. Bancorp/U.S. Bank Home Mortgage Bank Mortgage may be just what you need to get on track again. To compare mortgage refinance programs and rates from other national lenders, go to Reply! for mortgage quotes today.
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