Refinance Mortgage Options with flexibilities intended to reduce your monthly housing cost

Refinancing your mortgage basically means that you are trading in your old mortgage for a new one, and possibly a new balance

Congratulations! You're ready for Refinance Mortgage

When you refinance your mortgage, your bank or lender pays off your old mortgage with the new one; this is the reason for the term refinancing.

Most borrowers choose to refinance so they can lower their interest and shorten their payment term, or to take advantage of turning some of the equity they have earned on their home into cash.

There are two main types of refinancing: rate and term refinance and cash-out refinance.

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Refinance Mortgage Process

Here’s how our Refinance Mortgage process works:

Step 1

Complete our simple mortgage pre-approval letter request

Step 2

Receive options based on your unique criteria and scenario

Step 3

Compare mortgage interest rates and terms

Step 4

Choose the offer that best fits your needs

Do I Qualify?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “28/36.” This means that no more than 28% of your total monthly income (from all sources, before taxes) can go toward housing, and no more than 36% of your monthly income can go toward your total monthly debt(includingyour mortgage payment).

Refinance Mortgage qualifier

Step 1 of 3 - Pesonal Details

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