Lower your rate, shorten your term, or access your home’s equity. Plus, once you’re a client, Free Re-Fi for Life means you never pay our lending fees again.
Refinancing replaces your current mortgage with a new one — ideally with better terms. The new loan pays off your existing balance, and you start fresh with a new rate, term, or loan amount. People refinance to lower their monthly payment, reduce their interest rate, change their loan term, or pull cash out of their home’s equity for renovations, debt consolidation, or other goals.
Extend your term or lower your rate to reduce what you owe each month, freeing up cash flow.
If rates have dropped since you bought, or your credit has improved, refinancing can lock in real savings.
Move from a 30-year to a 15-year term to pay off your home faster and save significantly on total interest.
Borrow against your home’s equity for renovations, debt consolidation, or your next move, in one new loan.
Tell us what you’re trying to achieve — lower payment, cash-out, shorter term — and we’ll map the options.
We compare programs and give you real numbers, not teaser rates, so you know exactly what you’re getting.
We coordinate the appraisal and underwriting in parallel to keep your timeline tight.
Sign your new loan documents and your old mortgage is paid off — done.
Closing costs typically run 2-5% of the loan amount, covering appraisal, title, and lender fees. Once you’re a Lower client, Free Re-Fi for Life waives our standard lending fees on any future refinance.
Most refinances close in 30 days or less, depending on appraisal scheduling and how quickly documentation comes in.
A hard credit pull happens once you formally apply, causing a small, temporary dip. Getting rate options beforehand typically only involves a soft pull.
It depends on the loan type — some cash-out refinances require 6-12 months of ownership (a “seasoning” period). We’ll confirm what applies to your situation.
No commitment — get real numbers based on your current loan and today’s rates.