Apply For A Mortgage Refinance Loan
Do you own a home but wish you could lower your mortgage interest rate? Maybe you’ve earned equity in your home and need to cash it out.
Whatever your needs may be Mortgage Loan Center is here to help. We offer a large variety of refinance options to help you make the most of your mortgage.
Rate and Term Refinance
A rate and term refinance is great for those who want to take advantage of today’s low rates. If you bought your house when rates were higher, you may save money each month by refinancing.
A rate and term refinance means you refinance your outstanding loan amount but don’t receive any cash in hand. It’s best for borrowers who want to lower their interest rate or get a better term (i.e. refinance from an adjustable-rate loan to a fixed-rate loan). Apply for a mortgage refinance loan today!
If you’ve built up equity in your home, you may be eligible for a cash-out refinance. At Mortgage Loan Center, we have a variety of cash-out refinance options with FHA, VA, and conventional loan options available.
A cash-out refinance allows you to tap into your home’s equity. Your equity is the difference between your home’s current value and the outstanding loan balance on your current loan. Most mortgage refinance loan programs allow you to tap into up to 80% of the home’s value.
Our mortgage professionals can help you determine which cash-out refinance option is right for you so you can get the most out of your home’s equity.
The great news is you don’t have to have a reason to use your home’s equity. Some common reasons our borrowers tap into their home’s equity include:
- Make home improvements
- Consolidate debt
- Pay for college
- Cover large medical expenses
- Set aside for an emergency fund
Home Equity Loans
If you don’t want to refinance your first mortgage, we also offer second mortgage options including a home equity loan and home equity line of credit. Both options are separate, second mortgages that give you access to your home’s equity either as a lump sum loan or as a credit line that you can draw on, like a credit card, paying interest only on the funds you withdraw. Apply for a mortgage loan today!
Let Mortgage Loan Center Help you Refinance
If you’re thinking about refinancing, let our professionals help you. We’ll cover all mortgage options available to you given your income, credit score, debt-to-income ratio, and equity in the home.
We’ll go over all options, helping you determine which program suits your needs the most. We offer some of the best interest rates in the industry and have access to the best loan programs that help you get the most out of the largest investment in your life – your home. Apply for a refinance mortgage loan today!