Lower Your Rate.
Reduce Your Payment.
Access Your Equity.

Lower Your Rate

If interest rates have dropped since you got your original mortgage, refinancing can significantly reduce your monthly payment and total interest paid over the life of the loan. Even a 1% rate reduction can save tens of thousands of dollars.

Shorten Your Term

Refinance from a 30-year to a 15 or 20-year mortgage to pay off your home faster and save significantly on interest. While your monthly payment may increase slightly, you'll build equity faster and own your home outright years sooner.

Cash-Out Refinance

Access your home's equity by refinancing for more than you owe and taking the difference in cash. Use funds for home improvements, debt consolidation, education expenses, or any major purchase. Rates are typically lower than personal loans or credit cards.

Switch to Fixed Rate

If you have an adjustable-rate mortgage (ARM), refinancing to a fixed-rate mortgage locks in your interest rate for the life of the loan, protecting you from future rate increases and providing predictable monthly payments.

Remove PMI

If your home value has increased and you now have at least 20% equity, refinancing can eliminate private mortgage insurance (PMI), potentially saving you hundreds of dollars per month on your mortgage payment.

Consolidate Debt

Use a cash-out refinance to pay off high-interest credit cards, personal loans, or other debts. Consolidating debt into your mortgage at a lower interest rate can reduce your overall monthly payments and simplify your finances.

Remove a Co-Borrower

After a divorce or separation, refinancing allows you to remove a co-borrower from the mortgage, giving you sole ownership and responsibility for the loan. This requires qualifying for the new loan on your own income and credit.

A minimum credit score of 620 is typically required for conventional refinancing, though higher scores (700+) qualify for the best rates. FHA streamline refinances may accept scores as low as 580. We'll review your credit report and help you understand how your score affects your rate.

Most lenders require at least 20% equity in your home to refinance without PMI. For cash-out refinances, you'll typically need to maintain at least 20% equity after the refinance. We can order a new appraisal to determine your current home value and available equity.

You'll need to demonstrate stable income through pay stubs, tax returns, and employment verification. Your debt-to-income ratio (DTI) should typically be below 43%, though some programs allow up to 50%. DTI is calculated by dividing your total monthly debt payments by your gross monthly income.

Lenders want to see a solid payment history on your current mortgage. You should have no late payments in the past 12 months and be current on all obligations. If you've had recent late payments, you may need to wait before refinancing or provide a letter of explanation for extenuating circumstances.