RedHouse › Opciones de préstamo › Refinance
Refinance
Replace your current mortgage with a new one: to lower the payment, shorten the term, drop mortgage insurance, or change loan type.
Nota: Página en español pendiente: esta página se publicará en español después de la revisión de un oficial de préstamo bilingüe. A continuación se muestra la versión en inglés.
Who it's for
Homeowners whose situation or the market has changed since they bought.
How it works
- We compare your current loan to the new one: monthly savings, closing costs, and how long until the savings pay back the costs.
- If it doesn't make sense, we'll tell you. A refinance that doesn't pay back isn't a good loan.
What you'll need
- Current mortgage statement
- Income and asset documents
- Homeowners insurance declaration
Common questions
How do I know if it's worth it?
Divide the closing costs by the monthly savings. If you'll be in the home longer than that number of months, it pays back. We calculate it for you.
Does refinancing restart my 30 years?
Only if you choose a 30-year term. You can pick a shorter term or make extra payments to keep your original payoff date.
Por diseño, esta página no muestra tasas, APR, pagos ni porcentajes de pago inicial. Esas cifras solo se publican con la divulgación completa exigida por la Regulación Z.
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