Refinancing could be a better option to stay current with your payments and obtain benefits of lower interest rates. Depending upon you equity in your house, you can even get a cash-out refinance, which can immediately put in your hands a large sum of money. You can use this money in any way you like. For example, you can go on an extensive vacation, pay for home improvements or buy things that you have so long dreamed of your life. With a refinance loan, you can make a switch over from an adjustable rate mortgage to a fixed rate one, thus avoiding risks associated with the former. Moreover, refinancing also helps you in mortgage payment organization, debt consolidation, availing tax advantages and getting out of the debt quickly.
The following kinds of mortgage and refinance products exist at SunTrust Mortgage, Inc.
- Conventional Fixed Rate Mortgages (for 30 years & 15 years)
- Jumbo Mortgages (30-year fixed rate)
- Adjustable Rate Mortgages (5/1 ARM 30 year and 7/1 30 year)
- FHA Mortgages (30 year)
For more on SunTrust Mortgage Rates Today, refinance options, rate watch and rate sheet, visit the official website of the bank, which is mentioned below:
Website: http://www.suntrustmortgage.com/
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