Mortgage Myths

MYTH   FACT

It can take over three months to refinance.

Main Street can qualify you in as little as 24 hours. Unlike other mortgage companies we can often fund your loan in two to three weeks, not months.


MYTH   FACT

Refinancing requires a lot of paperwork.

A Main Street Mortgage Specialist will walks you through the entire process and tell you the information you'll need to provide. We'll even help fill the paperwork out for you.


MYTH   FACT

You should only refinance when interest
rates are at record lows.

Even when rates are not at their lowest, refinancing is still a smart choice. You can pay off high-interest credit card debts and lower your monthly payments.


MYTH   FACT

Refinancing extends the term of the loan.

Refinancing doen't always lengthen the term of the loan. Main Street offers many lending programs with terms less than 30 years. Some are as few as 10 years.