Refinance

man and woman looking over color swatching to paint their new home

Why Do People Refinance?

People choose to refinance their mortgage for many reasons – it all depends on what they’re trying to achieve with the refinance. With the right refinance, you can lower your monthly payment, withdraw cash from your home’s equity, or become the sole borrower on your mortgage. If any of the following match your current situation, it may be the right time to refinance:

  • Current interest rates are much lower than my rate now.
  • I want to lower my monthly mortgage payments.
  • I have equity in my home and need cash now.
  • I’m going through a divorce and would like to have the mortgage solely in my name.

Types of Refinancing

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Rate/Term
Lower your monthly mortgage payments with a rate/term refinance.
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Cash Out
Turn your home’s equity into cash with a cash-out refinance.
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Divorce Refinance
A divorce refinance allows you to refinance the marital home in your name.

Understanding the process

A refinance through Mortgage Specialists couldn’t be any easier. Once you submit our online application, you will hear from our team within a few hours. We try not to make you wait too long – some of our clients hear back within minutes of submitting their application! From there, we’ll discuss your refinancing goals and answer any questions you may have before sending your loan to underwriting. You’ll receive updates on your loan each time it moves to the next step in the process and typically within 30-45 days, your mortgage refinance will be complete! Throughout the entire process, the Mortgage Specialists team will be available for questions or concerns during the typical workday and nights and weekends.

man and woman looking at tablet
man and woman looking at tablet

Understanding the process

A refinance through Mortgage Specialists couldn’t be any easier. Once you submit our online application, you will hear from our team within a few hours. We try not to make you wait too long – some of our clients hear back within minutes of submitting their application! From there, we’ll discuss your refinancing goals and answer any questions you may have before sending your loan to underwriting. You’ll receive updates on your loan each time it moves to the next step in the process and typically within 30-45 days, your mortgage refinance will be complete! Throughout the entire process, the Mortgage Specialists team will be available for questions or concerns during the typical workday and nights and weekends.

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