Mortgage Refinancing on your terms!
Turn Your Equity to Cash. Lower Your Monthly Mortgage Payment. Consolidate Debt
Get The Best Mortgage Quotes Near You!
Connect with our mortgage experts for zero hassles & low rates!
Reduce your Payment
Want to improve your financial security? Refinance to lower the payments.
Short-Term Loans
Get rid of mortgages faster by opting for short-term plans at lesser interests.
Check If You Are Qualified For Refinancing?
The #4 Key things to evaluate your financial situation before Refinancing!
High Credit score
Talk to our loan advisor to calculate your credit score for free. So.they can offer you the best possible mortgage refinance options.
Debt to Income Ratio
It is the ratio of your monthly debt to the gross income. DTI reveals whether or not you are able to repay the lender.
Home Equity
Evaluate the total worth of your house as the lender won’t refinance more than 80% of your home equity.
Refinance wait period
While there is no limit for refinancing. But lenders usually take 6 to 12 months to approve FHA, VA, or USDA loan options.
How Does Mortgage Refinancing Work?
Review your expenses, maintain a high credit score, and check your savings.
2. Which home fits your budget & requirement?
Lendcomet lenders have different housing options from single-family, duplex or condominium, etc.
3. What features you are looking for?
Make a checklist including size, bathroom layout, kitchen appliances, neighborhood, or other features.
4. How much mortgage can a lender offer to me?
Make a checklist including size, bathroom layout, kitchen appliances, neighborhood, or other features.
5. How much home can you afford?
Always consider the property taxes, homeowners insurance, and total cost of the house than just monthly installment.
Is Refinancing Worth It?
There is no doubt that refinancing can lower your mortgage interest. But make sure the new interest
is 2% or more below the current one. So, ask yourself before choosing Refinancing:
Am I going to stay for a long time?
If my Home Equity has increased?
Gross Income has Increased?
Credit Rating has improved?
Consolidate debts?
Still not sure, talk to our advisor (800) 562-6715 We offer the best possible solutions!
Get The Best Refinancing Loan Options!
Fixed Rate
The most popular and conventional refinancing loan option at a fixed rate that remains same throughout the life.
ARM
Planning to stay in the house for a short period? An adjustable-rate mortgage is the best option that offers the lowest monthly payments.
FHA
Our new FHA refinancing loan options make sense for the borrowers with improved credit scores & home equity.
VA
The military and veterans get special refinancing loan options that don’t require any down payment.
Use Our Refinance Calculator
Answer some questions to find out the loan options at competitive rates & monthly instalments!
FAQs About Refinancing
It depends on the valid reasons why your credit score is low or poor. We have customized loan options to offer. Talk to our licensed lending officer at (800) 562-6715 to check whether you qualify for refinancing or not!
You must own the house at least a year before you choose to refinance. Make sure to maintain a good credit rating by paying-off monthly installments on time.
The benefit is there is no legal limit on refinancing. Just make sure you meet the eligibility criteria provided by mortgage lenders each time you choose to refinance your house.
To refinance the loan, a minimum of 20% equity is required. That means you can choose to cash out 80% of the property value.