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Refinance Guide

Your home also has to be worth enough to refinance, so you’ll need to have an appraisal done. You don’t have to worry about negotiations and home inspections, though, and refinancing is sometimes easier because you already have an established track record of paying your mortgage.

Mortgage Refinance

Refinance Home

There are a lot of things to consider when it comes to refinancing your home. While it’s not the same as getting the original mortgage, there are a lot of similarities to the process. You need a certain credit score, and you have to make enough money to qualify.

30-Yr Refinance

This type of loan has 360 monthly payments that remain the same for the entire 30 year period after which time the loan is paid in full. The monthly payment is based on an interest rate which does not change over the term of the loan

15-Yr Refinance

This type of loan is the same as the 30 year fixed rate loan except the life of the loan is 180 months as opposed to 360 months. Since the loan is being paid faster than either the 30 year fixed rate loan or the 20 year fixed rate loan, monthly payments for this type loan are higher than the other two loans.

Refinance Calculator

Looking for refinancing mortgage? Our refinance calculator is an easy to use that helps to estimate how much you could save by refinancing.

VA Refinance

The Department of Veterans Affairs offers a Home loan prgram just for veterans and eligible family members. reduce your rate with an interest rate Reduction finance loan (IRRRL) or get cash from your equitity

When to Refinance Your Mortgage

When you are getting lower interest rate on your existing mortgage loan. Reducing your interest rate not only helps you save money and it can decrease the size of your monthly payment.