Refinancing is all about saving you money. To help with your cash flow, closing costs can be rolled into your new loan amount as a depletion of equity (up to a certain percentage), potentially keeping you from having to pay any money "out of pocket" at closing.
To learn more about what type of loan fits your refinance needs, use our Loan Option Finder below.
If you prefer to speak to us about the different refinance programs available, connect with one of our Loan Officers in your area. Take the first step and begin The Loan Process today.
Cash-out programs are available as a depletion of equity. The new loan will payoff the current mortgage and provide you with cash at closing, depending on how much equity you have in the property and how much of it you are looking to liquidate. Mortgage insurance is required on cash-outs with less than 20% equity. Jumbo cash-outs are capped at $250K and 80% LTV. Investment property cash-outs are available up to 75% LTV.
If you are in an Adjustable Rate Mortgage, you can refinance into a fixed rate to make sure your payments don’t go up more than you can afford.