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HOME EQUITY

 

BUILD HOME EQUITY FASTER

Many borrowers use a refinance to shorten the term of the mortgage. Even at a lower rate, a shorter term means higher monthly payment. The benefit is you will build up equity faster and the total amount of interest paid will be less over the life of the loan.

If reducing your mortgage to a 15-year term and the higher payment is not in your budget, your best means of building equity is to refinance for less than 30 years. To do so, ask your mortgage professional to customize your new loan’s term to match the years left on your old loan. If you are five years into a 30-year mortgage, for example, ask for a 25-year loan.


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Greenway Funding Group, Inc. is licensed by the District of Columbia Government DISB, Maryland State DLLR, Virginia State Corporation, North Carolina Commissioner of Banks, Delaware Office of the State Bank Commissioner.

License Numbers: DC MLB 1108695, MD 06-20828, NC L-161472, VA MC-5777, DE 030649;
Greenway Funding Group Inc. NMLS# 1108695
www.nmlsconsumeraccess.org

Certain terms and conditions apply
Available rates are subject to change

 

 

 

Copyright © Greenway Funding Group Inc.

Greenway Funding Group, Inc. is licensed by the District of Columbia Government DISB, Maryland State DLLR, Virginia State Corporation, North Carolina Commissioner of Banks, Delaware Office of the State Bank Commissioner.

License Numbers: DC MLB 1108695, MD 06-20828, NC L-161472, VA MC-5777, DE 030649;
Greenway Funding Group Inc. NMLS# 1108695
www.nmlsconsumeraccess.org

Certain terms and conditions apply
Available rates are subject to change