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Rate & Term Versus Cash Out
In a cash out refinance you are both paying off your current home loan as well as receiving additional funds back at closing. With a rate & term refinance, you are only going to pay off your current loan and keep your equity in your home. The rate & term refinance options at Five Stars Mortgage will help lower your monthly payments and save you money. There are a variety of reasons to chose to rate & term refinance your home loan:- Lower your current mortgage interest rate
- Switch from an adjustable rate mortgage to a fixed rate one
- Add a new family member to your home mortgage
- Change the type of mortgage you have. Perhaps you want a fixed rate instead of a variable one or interest only now instead of principle and interest
At Five Stars Mortgage, we are proud to put you first. We offer a huge variety of mortgage refinancing programs. Therefore, there is sure to be one that fits your needs. Take advantage of one of our mortgage refinancing programs today!
Be sure to compare the difference between the initial note rate and the annual percentage rate quoted to you by your mortgage company.
Five Stars Mortgage - The right choice for you!
Five Stars Mortgage can provide higher loan values than most mortgage lenders. At Five Stars Mortgage we offer:- Many years of Florida mortgage experience
- simple and expediant closings
- Free loan application and mortgage consultations
- Easy online applications and tracking of your loan
- Jumbo and Super Jumbo loans
- One day response on your application
- No-Doc mortgage for those with a score in the mid to upper 600's
- Mortgage financing options for those with a score of at least 500
- Use the highest of your three scores
- Deal with people that value your business. Our mortgage professionals understand that you are our number one priority. We are here to serve you and your needs.







