I Want to Refinance My Home Loan
What is a Refinance?
Simply put, refinancing is paying off your existing mortgage with a new mortgage. Historic low-interest rates in recent years led to a refinance boom as borrowers rushed to lower their rates. Today, homeowners are seeing massive gains in their home equity and cash-out refinances are popular. If you’re considering a refinance, we can walk you through the different program options.
Should I Refinance?
There are a lot of reasons people choose to refinance their mortgage. Maybe you want to:
- Reduce Your Interest Rate
- Change the Term of Your Mortgage
- Take Out Cash from your Home’s Equity
- Eliminate Mortgage Insurance
- Lower Your Monthly Payment
Our team can walk you through the options and help you decide if refinancing is the right option for you.
Refinance Calculator
See if you should refinance your mortgage. Enter the details of your current home loan along with details of a new loan to estimate your savings and see if refinancing is right for you!
Refinance Saving
Cash-Out Refinance
Due to recent appreciation, home equity is at an all-time high and your home is likely worth a lot more than your current mortgage. When you use a cash-out refinance, your new mortgage is written for a larger amount than what you currently owe on your existing loan. That remaining balance can be paid to you in cash. What can you do with those funds?
Upgrade Your Home
Fund renovations and repairs that can make your home even more valuable.
Invest in Yourself
Use your home equity for a down payment on a second home or to start a business.
Consolidate Debt
Use cash to pay off other higher interest rate debts like credit cards or students loans.
Take The First Step Toward Your Future