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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.
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!
Get a Better Interest Rate
Many homeowners choose to refinance because current interest rates are lower than the one their loan currently has. Depending on what kind of loan you choose and its term length, refinancing at a lower interest rate could save you money in the long run, or allow you to potentially raise the amount of your loan that you’re paying off each month while continuing to pay the same amount out of pocket in order to shorten the length of your loan.
Disclaimer: by refinancing the existing loan, the total finance charges may be higher over the life of the loan.
Take Cash Out
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.
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