Reasons for Refinancing

The most obvious reason to refinance is to get a lower interest rate on your outstanding mortgage balance, consequently lowering your monthly payments. You may want to consolidate debt, make a home improvement, or finance a college education just by tapping your home equity for extra cash. Whatever your reason, a First Citizens banker can help you choose the refinancing package that is right for you.

Features

• Choose your own repayment schedules.

• Lock in on competitive interest rates.

Benefits

• Lower monthly payments by reducing your rate.

• Extend your term to reduce monthly payments even more.

• Shorten your term.

• Convert your home equity into cash for immediate use.

• Change from an adjustable-rate to a fixed-rate mortgage to manage your monthly cash flow more effectively.