Refinance Your Home

If you’re curious to learn more, we’re here to help you figure out if refinancing is the right option for you. Below are a few common questions we get asked about refinancing.

What does it mean to refinance?

If you hear someone say they’re refinancing their home, it means they’re getting a new mortgage to replace the original one. Refinancing can help you get a better interest term and rate on your loan. When you refinance, you could have more money in your pocket.

• Lower rate. Once you refinance, your interest rates will be lower. That means you’ll save more money each month.
• Pay your loan off faster. Let’s say you originally bought your house with a 30-year mortgage. If you refinance with a 15-year mortgage, you’ll own your home outright sooner.
• Extra cash. Using a cash-out refinance, you can refinance your mortgage AND borrow money at the same time by leveraging the equity you’ve already built up in your home. The money you borrow can then be used for home improvements, college tuition or other financial needs.

It could take as little as 21 days to refinance your home. We strive to close loans fast.