Refinance

Refinancing a mortgage means paying off your existing mortgage and replacing it with a new home loan in order to save money, consolidate debt or get cash. Check out some of the benefits below and speak with one of our experienced Loan Originators today to find the best option for your unique situation!

Note: By refinancing an existing loan, the total finance charges may be higher over the life of the loan. Always consult with a tax advisor concerning tax implications of your mortgage.

Lower Your Monthly Payment

Refinancing to a lower rate can reduce the monthly payment amount and save thousands of dollars in interest. Lower monthly payments also give you higher cash flow per month, which gives you more options for paying off other debt, saving for the future, or paying for other expenses.

Pay off Your Mortgage Sooner

Refinancing a 30-year mortgage to a 20, 15, or even 10-year fixed-rate loan will increase your payment in the short term, but save you thousands of dollars in interest, build equity, and pay off your mortgage much faster.

Use Your Equity

Pulling out cash to finance a major project, college tuition, once-in-a-lifetime vacation, or another large expense is usually a much better option than using personal loans or high-interest credit cards.

Quit Paying Private Mortgage Insurance (PMI)

Your current loan may have PMI if you didn’t put down at least 20% when you first got the mortgage. By refinancing, you may be able to reduce or even remove PMI entirely.  You might also be able to lower your interest rate and monthly payment.

Consolidate Debt and Improve Credit

With the rate on credit cards, auto loans, and other forms of debt typically much higher than what you’re getting with your mortgage it may make sense to consolidate those debts into refinancing. Keep in mind that the interest you pay on your new mortgage is tax-deductible.

Convert an ARM to a Fixed Rate Mortgage

When interest rates are low, adjustable-rate mortgages (ARMs) can be great. However, as rates rise, your ARM loan will become increasingly difficult to pay. Refinancing into a fixed-rate mortgage can give you peace of mind and allow for more stable money management.


Here for you, every step of the way.

We’ve got the experience and the professional network to get your loan funded. If it can be done, we’re the ones who can get it done. You’ll have direct access to a friendly, communicative, professional Loan Originator who will walk you through every step of the process. If a problem ever pops up, you’ll be the first phone call with a solution.


26041 Predazzer Ln Suite A, Daphne, AL 36526

24951 Perdido Beach Blvd
Orange Beach, AL 36561

309 Richard Jackson Blvd, Suite 200,
Panama City Beach, FL 32407


Vault Mortgage LLC | NMLS# 1785021
Approved Lender in Alabama #22567 and Florida
MBR3074 www.nmlsconsumeraccess.org

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Equal Housing Opportunity. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. Vault Mortgage LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought.