Refinance with Confidence
We’ll help you find what’s best for you.
Refinancing can be easy if done right. There are many different ways to approach this process. GenPoint’s Loan Experts can walk you through what’s best for your specific situation.
SHARE DETAILS
Fill in your loan application in the way that works best for you. Call or click to get started. You’ll have an expert that knows the local market, and will make sure your questions are answered and your application is on track.
GET APPROVED
Lock in your new mortgage loan. Get set with a rate that puts on you on the path to savings.
CLOSE YOUR LOAN
Signing your closing paperwork is a big moment. When the day comes, we’ll send a representative to your home to walk you through it all.
Frequently Asked Questions
Answers to common questions about mortgage refinance.
When considering refinancing, it’s important to think beyond just securing a lower mortgage rate. You should also factor in how long you plan to stay in your home. Use our refinance break-even calculator to find out how many months it will take to recoup the costs of refinancing.
While many people consider refinancing when mortgage rates drop below their current rate, there are other compelling reasons to refinance:
- If you want to shorten your loan term and pay off the loan faster.
- If you’re currently paying private mortgage insurance (PMI) and have built enough equity to refinance without it.
- If you wish to tap into your home’s equity through a cash-out refinance.
Cash-out mortgage refinancing allows you to refinance your existing home mortgage while borrowing additional funds simultaneously. This option lets you take out more than your current loan balance, usually up to 80% of your home’s value, and receive the excess amount in cash. To qualify for a cash-out refinance, you’ll typically need to have your home appraised.
With many lenders, mortgage refinancing can take 45 to 60 days depending on the complexity of the loan. However, with our streamlined process, you can complete your refinance in as little as two weeks. A dedicated Loan Officer will be with you throughout the entire process to ensure everything goes smoothly.
For a mortgage refinance transaction, you’ll typically need to provide the following documentation: proof of income (such as W-2s or recent tax returns), verification of homeowners insurance, credit information, details of your monthly debt, total assets, and an appraisal.