Refinance Your Mortgage
At Sandy Spring Bank we know that you have important financial goals. The right lending solution can help you pay for college, create that dream kitchen you’ve always wanted or take a second honeymoon.
Given today's low interest rates, refinancing your mortgage could help you achieve your goals.
Improve Monthly Cash Flow
There are different ways to refinance depending on your financial goals. If you refinance your loan with a lower rate, you may reduce your monthly mortgage expenses and use the extra money to achieve your financial goals. A cash-out refinance leverages the equity in your home, and gives you cash that you can use right away and as you like.
Shorten the Loan Term
Depending on how long you intend to stay in your current home, you might be able to reduce the term of your loan and pay less interest.
Consolidate Multiple Mortgages
If you have a mortgage and a home equity line of credit or loan, you may be able to combine the loans to create one loan at a lower rate or better term.