Home Refinance
Explore Options for Your Current Mortgage
Review Your Mortgage With a Clear Goal
Refinancing replaces your current mortgage with a new loan that may offer different terms, costs, or access to available equity.
The right option depends on your current loan, financial situation, property value, long-term plans, and the cost of refinancing. Mortgage Pros Funding can help you compare the numbers and explore options that may be available.
Explore Refinance OptionsLook beyond the new monthly payment.
- Compare the interest rate, payment, and loan term
- Review closing costs and the estimated break-even period
- Consider your remaining balance and available equity
- Think about how long you expect to keep the new loan
Refinancing involves a new loan application and is subject to credit, income, property, program, and underwriting requirements.
What Would You Like Your New Loan to Accomplish?
Start with a specific goal, then compare the potential benefit with the upfront and long-term cost of the new loan.
Adjust Your Monthly Payment
A different rate or loan term may change your monthly payment. Compare the total loan cost—not only the amount due each month.
Change Your Loan Term
A shorter term may help you repay the loan sooner, while a longer term may reduce the payment but can increase the total interest paid.
Access Home Equity
A cash-out refinance may convert part of your available equity into funds, but it also increases the amount secured by your home and may change your payment.
From Review to Closing
Every refinance is different, but most loans follow these general stages.
Define Your Goal
Identify what you want to change and how long you expect to keep the new mortgage.
Review Your Information
Discuss your current loan, property, income, assets, credit, obligations, and estimated property value.
Compare Loan Options
Review the estimated rate, payment, term, closing costs, cash to close, and potential break-even period.
Apply and Close
The new loan moves through processing, property valuation or appraisal when required, underwriting, final approval, and closing.
This inquiry is not a loan application or loan approval and does not authorize a credit check.