Refinance


Mortgage Refinance
Mortgage refinance rates & ways to save with Mann Mortgage.

Should I refinance?
In March 2020, the Fed cut rates by .5%, the largest rate cut since 2008! Since then, refinance rates have ebbed and flowed, moving near 50-year lows. The opportunities for homeowners to save money in 2021 are significant, and now is the time to consider refinancing with Mann Mortgage. Whether you are looking to secure a lower rate, take cash out for a renovation or other project, or shorten your term, Mann Mortgage is here to help you secure the best loan for your goals. We are a local, community-based national advisor offering a range of options to homeowners in Idaho and beyond, and we're committed to helping you work through your unique financial landscape to find the right loan and help you maximize your

Refinance options

Lower your payments
There are several ways refinancing can lower your monthly payment. These can include refinancing at a lower interest rate, which is especially true now with rates lower than they've been in nearly 50 years. Refinancing can also save you money on your monthly payment by providing the opportunity to eliminate your mortgage insurance payment. Depending on your situation, there are other possibilities for lowering your monthly mortgage payment, including lengthening the term of your loan. Please contact us today and one of our loan experts will be in touch to help you find the best option for lowering your monthly mortgage payment.

Get cash out
One of the most common refinance options is a cash-out refinance, which lets you take out a new loan for more than your current mortgage balance (up to 80-90% of your home equity) and keep the difference in cash. Common uses of cash-out refinance are to consolidate high-interest debt, fund home improvement projects, or simply make cash available for other needs. A cash-out refinance replaces your current mortgage, and you need to have equity built up to take advantage of this type of loan.

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