Refinancing Myths and Facts


MYTH – It can take at least three months to refinance

FACT – Triangle Lending can qualify you in as little as 24 hours, and unlike other mortgage companies we can often fund your loan in two to three weeks.

MYTH – Refinancing requires me to complete lots of paperwork.

FACT – A Triangle Lending Mortgage Specialist walks you through the entire process, explains what information you need to provide and even fills out the paperwork for you.

MYTH – You should only refinance when interest rates are at their lowest.

FACT – Even when rates are not at record lows, refinancing is still a smart choice. Paying off high-interest credit card debts and lowering your monthly payments always makes good financial sense.

MYTH – Refinancing always extends the term of the loan.

FACT: Refinancing does not have to lengthen the term of the loan. Triangle Lending offers many terms less than 30 years. Some are as few as 10 years.