About Rate and Term Refinance

Refinance lets you access the equity in your home and get cash at closing. The existing home mortgage and any liens on the property are paid off and replaced with a new mortgage.

A refinance with cash out is an alternative to a home equity loan, also known as a “second mortgage,” because it’s a lien on your home like your existing mortgage.

A cash-out refinance comes with closing costs comparable to your first mortgage. You may also be eligible for a Smart Refinance, another cash-out refinance option with a no-closing-cost option.

Type Of Refinance Loan

Rate and Term

A rate and term refinance directly affect the length and rate of your loan. Whether you are trying to reduce your monthly payment, lower your interest rate, or even shorten or lengthen your loan a rate and term refinance can help you do just that.

VA IRRRL Reduction Loan

If you have an existing VA-backed home loan and you want to reduce your monthly mortgage payments—or make your payments more stable—an interest rate reduction refinance loan (IRRRL) may be right for you. Refinancing lets you replace your current loan with a new one under different terms.

FHA streamline Loan

The FHA Streamline Refinance program is extremely helpful because it allows homeowners the opportunity to refinance an existing FHA loan to a lower rate more quickly. This helps you to avoid a lot of paperwork, and possibly avoid appraisals. The Streamline option saves borrowers time and money!

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Features of Refinance Loan

All loans are not created equal, personal loan has become a great option for people to use.

Reduce your monthly payment

By refinancing your loan, you can significantly reduce your monthly payment. This helps you both in the short-term by helping you pay less month to month and can also help you save long-term as this will help you save thousands across the life-span of your loan.

Prepare for your next investment

If you plan on moving in the near future or have other set financial goals a refinance can help you do that as well. You can cash-out on the equity of your loan, or you can even refinance the loan length so that you can prepare for your goals.

Refinance- Eligibility

This program has a loan length requirement and a credit score minimum.

Loan Length

In order for refinancing eligibility, you need to have completed at least six mortgage payments


Income limits may vary

Credit Score

Depends on the loan program.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

You must make at least six monthly mortgage payments before you can be eligible to refinance.

Equity is value that has accrued on your home since you purchased it. You can use a cash-out refinance to tap into your equity.

A rate and term refinance can decrease your rate or your mortgage payment, which means that by default your monthly payment will decrease.

Apply for a free prequalification and your loan officer can let you know the limits in your area.

Get a Quote

Now apply for a Refinance online, All you need to do is provide your details below application form.

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