Lower Your Mortgage Payment with a Refinance!
Reduce Your Interest Rate, Shorten Your Loan Term, or Lock in Stability.
Take Control of Your Mortgage and Save Big!
Thinking about refinancing your mortgage? A refinance is designed to help homeowners like you secure a lower interest rate, adjust your loan term, or switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage. Let’s explore how you can benefit from this smart financial move.
What Can a Refinance Do for You?
Explore Your Mortgage Options with a Conventional Loan
Lower your monthly mortgage payment
Reduce your total interest paid over the life of the loan
Build equity faster by shortening your loan term
What is a Mortgage Refinance?
Refinancing allows you to replace your existing mortgage with a new one that offers better terms —without taking cash out. This option is ideal for homeowners looking to lower their monthly payments, pay off their mortgage faster, or achieve financial stability with a fixed-rate loan.
Basic Requirements
Credit Score
Typically 620+ (varies by lender)Loan-to-Value Ratio (LTV)
Generally up to 97% for conventional loansDebt-to-Income Ratio (DTI)
Typically below 50%Loan Type
Can refinance from a conventional, FHA, VA, or USDA loan
Who is Eligible for a Refinance?
Homeowners with an existing mortgage
Those looking for a lower interest rate or shorter loan term
Borrowers with stable income and credit history
Steps to Get a Refinance
Check Your Credit Score
Ensure you meet the lender’s requirements.Review Your Loan Terms
Decide if you want a lower rate, shorter term, or fixed-rate stability.Find a Lender
Compare offers to secure the best deal.Apply for Pre-Approval Get a clear picture of your refinancing options.
Get an Appraisal (if required)
Your lender may require a home appraisal.Close on Your New Loan
Finalize your refinance and enjoy lower payments!
Ready to Start Saving?
Take the first step toward a smarter mortgage. Our refinance specialists are here to guide you through the process and help you secure the best rate.
Frequently Asked Questions
How much can I save by refinancing?
Savings vary, but a lower interest rate can significantly reduce your monthly payment and overall loan cost.
How long does the refinance process take?
Typically, 30-45 days, depending on your lender and loan type.
Do I need an appraisal?
It depends on your loan type and lender requirements. Some programs offer appraisal waivers.
Get In Touch
Charlie Compass
NMLS# 2067336
12313
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compli©2026 Home Possible Brokers Inc. - Corporate NMLSID # located at . All rights reserved. DBA: . Licensed by the California Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Compass Mortgage Team strives for compliance with all applicable state laws and federal regulations pertaining to mortgage lending, advertising, and marketing laws. THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT. All applications are subject to underwriting guidelines and approval. This does not constitute an offer to lend. Not all applicants will qualify for all loan products offered. All loan programs, terms and interest rates are subject to change and/or discontinuance without advance notice. Equal Housing Opportunity. ©2026ance
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