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Mortgage Refinancing

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.

Read: Cash-Out Refinance FAQs

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.

Read: Home Equity Financing
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!

Read our Guide

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.

Compare Short and Long Term Mortgages

Disclaimer: by refinancing the existing loan, the total finance charges may be higher over the life of the loan.

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.

Industry leading loan options
Simple pre-qualifications and application processes
Loans for everyone, from seasoned investors to first-time buyers
Putting power back into underserved communities