People are always talking about “refinancing” your auto loan or mortgage. What does that actually mean? Refinancing a loan means you get a brand new or modified loan to pay off your current loan.

 It’s not just for fun, either. Refinancing your loan has multiple benefits.

 Lower Your Interest Rate and Monthly Payment

After paying down your original loan for years, your credit score is probably higher than when you got the loan. That good credit score can save you money on your new loan. A higher score equals lower rates.

 It also equals huge savings. Combined with an already lower loan balance, lower rates give you a more affordable monthly payment.

 Pay It Off Earlier

You don’t have to pay the lower amount if it’s not what you want. Take the lower interest rate and keep paying a little more each month. This will let you pay off the loan earlier and pay less in interest over the lifetime of the loan.

Now that you know what refinancing can do, you might be interested in how to do it. We’ll help you out.

 ●       Let us know how much you owe

●       Give us the details of your collateral and current lender

●       Leave the rest to us

Apply today!