Being there when needed having NewRez…
Being there when needed having NewRez as our Mortage holder gives great relief that I believe they have my back
Vincent Gonzalez • 8 days ago
Should you refinance? Know for sure.
What could refinancing do for you?
Save with lower monthly payments
If the interest rate on your current loan is higher than market rate, then lowering your interest rate and/or extending your loan term can effectively shrink your monthly mortgage payments. The money you save by refinancing can be used to cover other expenses or to create more breathing room in your budget.
Get cash from your home
The equity in your home can become readily available cash on hand. With a cash-out refinance, you take out a new loan to pay off your current mortgage and receive the difference as a lump sum. What you do with your cash is up to you.
Meet your refinance goals with the right loan
Conventional Loans
A stable mortgage option with a locked-in interest rate and predictable principal and interest payments for the term of the loan
VA Loans
Affordable financing and special benefits exclusively for Veterans, servicemembers and surviving spouses
FHA Loans
Government-backed loans with low down payments for borrowers with less-than-perfect credit
Adjustable Rate Loans
A flexible mortgage option with a lower initial interest rate that adjusts periodically at the end of its term, based on market rates
Investment Property Loans
Competitively priced mortgages for a variety of real estate investments
Non-QM Loans
Mortgages designed for non-traditional borrowers with unique income or credit challenges, including self-employed earners and property investors
Jumbo Loans
Larger loans used to finance properties that exceed the conventional loan limit
USDA Loans
Competitive rates mortgages with zero money down options for low-to-moderate income residents of eligible suburban and rural areas
Buy a home without selling your crypto
Certain Non-QM loans allow for a percentage of your eligible crypto assets to be counted toward mortgage qualification, without liquidating.
Is refinancing right for you? Our experts can help you decide.
There is a lot to think about when refinancing. Good thing you don’t have to figure it out on your own. Our loan experts take the time to understand your needs and goals and provide clear, honest guidance on how, why and when a refinance could work for you.
- Compare your savings options
- Break down loan types and terms
- Determine your breakeven point
- Weigh the pros and cons
- Identify the right path forward
Call a loan officer ➔Call a loan officer: 888-673-5521
Learn more about refinancing your home
See all articles
5 Compelling Reasons to Refinance Your Mortgage Now
If you find yourself weighing your options, here are five key reasons to refinance your mortgage.
What Refinance Options are Right for Me?
To make the changes we dream of we commonly use credit cards or loans, all with high APRs, meaning we’ll pay high interest rates. There are other options.
5 Questions to Ask Before You Refinance
Learn about tapping into your home equity, PMI requirements and closing costs. See how refinancing your home loan can save you thousands of dollars.
Home Equity
Looking to fund home improvements, consolidate debt, or cover other expenditures? A cash-out refinance may be right for you.
Frequently Asked Questions
A mortgage refinance replaces your current home loan with a new loan that usually offers a more favorable rate, term or principal balance. Here’s how it works:
- You get approved for a new loan.
- You use the new loan to pay off your current mortgage.
- You start making payments on your new loan.
Many times, payments are lower because the new loan has a lower rate. But there are other ways a refinance can work for you. For more information, check ou this article.
Disclosure:
*By refinancing an existing loan, the total finance charges may be higher over the life of the loan.