Mortgage Refinancing

Mortgage Refinancing

HERE FOR YOU. EVERY DAY.

HERE FOR YOU. EVERY DAY.

We also offer
refinancing options.

We also offer
refinancing
options.

At Carolina Alliance Bank, we offer
refinancing to help you lower
your current mortgage rate.
At Carolina Alliance Bank, we offer
refinancing to help you lower
your current mortgage rate.

Refinancing is a popular option among homeowners to lower the monthly mortgage payment or change a loan type or term.

Refinancing is a popular option among homeowners to lower the monthly mortgage payment or change a loan type or term.

With refinancing, you are paying off your loan and replacing it with another. By replacing your mortgage, you lower your monthly payment, shorten your term or use the equity to pay off other debts.

With refinancing, you are paying off your loan and replacing it with another. By replacing your mortgage, you lower your monthly payment, shorten your term or use the equity to pay off other debts.

RATE AND TERM REFINANCING

When you typically refinance your mortgage, you refinance the remaining mortgage balance for a lower interest rate and a term you can afford. Contact our mortgage lenders today to see if this refinance option works for you.

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CASH-OUT REFINANCING

When you refinance a new mortgage for more than what you owe to use the difference in cash to pay off existing debt. Contact our mortgage lenders today to see if this refinance option works for you.

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Refinance Calculator

Find out if refinancing works for you
by using our refinance calculator.

Refinance
Calculator

Find out if refinancing
works for you by using
our refinance calculator.

What you’ll need when refinancing
with Carolina Alliance Bank

What you’ll
need when
refinancing
with Carolina
Alliance Bank

If refinancing is an option for you, providing the following
documents will move the loan process along smoothly.

Sufficient Income

Household income should cover the refinance payment and other debts.

Credit Standing

Exceed credit score minimums to make sure you are provided better rates.

Home Equity

Build up to at least 20% equity in the home you are refinancing.

Tax Returns

Provide federal tax returns, such as 1040, W2 or 4506-T.

Debt Statements

Debt to income ratio should be less than 43% of gross household income.

Assets Statements

List all assets being used to bring
capital for the refinance loan.

Mortgage - Refinancing - Find Your Banker

Ready to start?

Visit your nearest branch to start the loan process or contact your local loan officer.

Ready to start?

Visit your nearest branch to start
the loan process or contact
your local mortgage lender.

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