Refinance

Pauling Homes Team is not a financial institution, but we work closely with First Class Mortgage as a trusted partner and lender.

Dad and daughter painting a cardboard playhouse together in a cozy indoor space.

A mortgage refinance is the replacement of an older mortgage with a new home loan that has different terms such as reduced interest rates, lower monthly payment, etc. Refinancing a mortgage can often save a homeowner a substantial amount of money over the life of a home loan and/or help achieve other goals.

Common Refinancing Goals

  • Lower monthly payments

  • Reduce interest rate

  • Shorten term

  • Remove mortgage insurance

  • Convert to a fixed-rate mortgage

  • Debt consolidation

  • Home improvement

  • Buy property

  • Divorce

Refinancing Types

  • Rate Term Refinance- If you want to make payments more comfortable and your home value is steady or has increased, you may be able to refinance your mortgage with a traditional refinance loan. Traditional loans are backed by Fannie Mae or Freddie Mac, and they are generally the lowest-cost refinance loans.

  • Streamline Refinance- Many lenders offer "streamlined" alternatives to lower costs and make refinancing more accessible. Programs include: FHA, IRRRL, and USDA.

  • Cash Out Refinance- A cash out refinance pays off your current mortgage and uses your home equity to provide additional money for other uses. Conventional 80% LTV, FHA 80% LTV, VA 100% LTV.

Need Help Getting Pre-Approved?

|

I agree to receive automated marketing calls and texts (SMS/MMS) from PLACE, its affiliates and their agents. Msg & data rates may apply. Msg frequency varies. Reply STOP to cancel. Consent is not required for purchase. I also agree to the Terms of Use and Privacy Policy.

home

Are you buying or selling a home?

Buying
Selling
Both
home

When are you planning on buying a new home?

1-3 Mo
3-6 Mo
6+ Mo
home

Are you pre-approved for a mortgage?

Yes
No
Using Cash
home

Would you like to schedule a consultation now?

Yes
No

When would you like us to call?

Thanks! We’ll give you a call as soon as possible.

home

When are you planning on selling your home?

1-3 Mo
3-6 Mo
6+ Mo

Would you like to schedule a consultation or see your home value?

Schedule Consultation
My Home Value

or another way