Refinancing lets you pay off your old mortgage with the proceeds from a new mortgage loan, so you can get a better interest rate, lower your payments or take advantage of other benefits. The process involves many of the same steps you encountered when you first purchased your home.
Para más información, o para comenzar su proceso de refinanciamiento, visite un centro bancario de Comerica or call an experienced Comerica Mortgage Loan Specialist at
Explore options to lower monthly payments, change terms and reduce interest rates. Whatever your goal, work with a Comerica Mortgage Loan Specialist to see how the home refinance option you choose fits into your larger financial plan.
Lowering your interest rate can lower monthly payments and save you money over the life of your loan.
You may be able to switch to a longer term, shorter term or different type of mortgage – for instance, from an adjustable rate to a fixed-term loan.
Apply what you save each month to paying down other debt, directly or through a debt consolidation loan.
Depending on your loan type, how much you’ve paid off and payment history, you may qualify to drop the cost of your private mortgage insurance (PMI).
If your property’s title insurance policy was recently issued, you could qualify for a reduced reissue or refinance rate.
Para más información, o para comenzar su proceso de refinanciamiento, visite un centro bancario de Comerica or call an experienced Comerica Mortgage Loan Specialist at
