Introducing Purchase Perks! Save $1,000 on closing costs when you purchase with us.
Whether you're looking for a new home, refinance your existing property, or get cash from your home's equity, we've got customized loans for your needs. Talk to a loan officer today.
What is a Cash-Out Refinance†?
A Cash-Out Refinance† is a mortgage refinance that allows you to access equity in your home. By refinancing and using the equity already in your home to take out cash, you can get access to money at a lower rate than you would if you instead got a personal loan, as mortgage interest rates are generally lower. And instead of adding another monthly payment to your list, you’ll only have to make one — your regular mortgage payment.
Looking for another way to get cash without refinancing?
Newrez Home Equity Loan†† is our new loan program built specifically for homeowners looking to tap the equity in their house without giving up their current mortgage. Keep your primary mortgage interest rate on your current loan when you secure a second mortgage. Borrow $50K to $350K to put towards home projects, renovations, debt consolidation, education costs, and more.
Refinance Guide
Thinking about refinancing your home?
Refinancing can help lower payment or payment term, get you a better rate, or give you access to quick cash! We have simplified the process so that a refinance is easier than ever!
Refinance Your Mortgage to a Shorter Term
Are you concerned about the number of years left on your current mortgage, or did you first take out your loan when rates were high? If so, you could shorten the term of your home loan through refinancing. By lowering your rate to today’s best offerings, you could continue making the same payments you always have but shorten your overall loan term at the same time. You can also refinance to a higher monthly payment to pay off your loan faster, saving money on interest in the process.
Disclaimer: by refinancing the existing loan, the total finance charges may be higher over the life of the loan.
Loan options to suit your needs
At Newrez, we’re all about offering borrowers options that will work for them.
Explore all our loan types and find the right one for you:
Compare loan options to find the right one for you.
Why Newrez?
Newrez believes the lending business shouldn't just be about home loans - it should be about homeowners. That's why our employees get to know our customer's real needs, through final closing, and beyond.
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Industry leading loan options
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Simple pre-qualifications and application processes
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Loans for everyone, from seasoned investors to first-time buyers
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Putting power back into underserved communities