AFFINITY REFINANCING PROGRAMS

Considering refinancing your home? Your organization, in partnership with Wachovia, is here to help.

If your mortgage rate is higher than current rates, you may save money by refinancing. You may most benefit from refinancing if:

• You plan on living in your home for a number of years
• You've built up considerable equity in your home

Refinancing can be put to a number of uses:

• Lower your monthly payments.
  If interest rates are significantly lower than when you bought your house, or if you want to convert from an adjustable to a fixed rate mortgage to lock in lower rates, refinancing can significantly lower your monthly payment, even after paying for refinancing costs.
• Cash out.
  If you've built up considerable equity in your home, you may be eligible to refinance your existing mortgage to a larger loan amount, in order to provide you additional cash that could be used for debt consolidation, home improvement, or for personal use.
• Build equity.
  Reducing the number of years on your existing mortgage often provides a significant reduction in interest costs over the life of the loan; although this strategy may mean higher monthly payments, you will own your home faster.
• Stabilize your monthly payments.
  If you chose an Adjustable Rate Mortgage (ARM) or balloon loan when purchasing your home, you may benefit from the stability of a fixed interest rate mortgage loan, especially if rates are currently low.

Wachovia Corporate Mortgage Services' Mortgage Loan Counselors can help simplify the documentation and decision-making required in the refinancing process. We can also offer a wide array of discounted loan, banking, and other financial services.

Mortgage loans are originated by Wachovia Mortgage, FSB, and are subject to credit approval, verification and collateral evaluation. Products not available in all states and are subject to change without notice. Certain restrictions apply.

While consolidation may decrease your overall monthly payment obligations, refinancing pre-existing debt with a home equity loan/line will require you to give Wachovia a security interest in your home and may increase the total number of monthly debt payments, as well as the aggregate amount paid by a borrower over the term of the mortgage loan.

Related Links

•About Mortgage Services
•Mortgage Resource Center

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