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Refinance Your Mortgage or

Access Your Equity

Do you own a home and are looking to refinance your mortgage? Our team can help you get cash-out, lower your payments, consolidate debt and more.

Refinance Calculator

Get Your Refinance

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Lower My Monthly Payments

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Reduce your interest rate or stretch out your payment time.

Pay Off My Mortgage Sooner

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Pay off your loan faster and reduce interest payments

Avoid Mortgage Insurance

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Reduce or get rid of mortgage insurance payments.

Refinance Without Closing Costs

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Avoid extra out-of-pocket costs when you close your loan.

Pay Off My Debt

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Consolidate credit cards and other high-interest debt.

Cash-Out Refinance

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Replace your current mortgage with new terms and take cash-out of your home’s equity.

FHA Streamline

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Quickly lower your monthly FHA mortgage payments with minimal

Refinance My Investment Property

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Increase the cash flow of your investment properties by taking cash out.

Get In Touch with a Newfi Senior Loan Advisor Today!

Our team of dedicated Senior Loan Advisors are here to help you find the right mortgage solution for your situation.

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Frequently Asked Questions

What is a Mortgage Refinance?

When someone refinances their mortgage they’re taking out a new mortgage that will replace their current mortgage. This new mortgage will have a new interest rate and loan terms.

What is a Second Mortgage?

Unlike a mortgage refinance, when a borrower takes out a second mortgage on their home, they are taking out an entirely new home loan, with its own rate and terms, in addition to the mortgage loan they already have.

What is a Home Equity Line of Credit?

A Home Equity Line of Credit (HELOC) is a loan you take out on the equity of your home. A HELOC works similarly to a credit card with a revolving credit line and a “credit limit” determined by your loan amount. But unlike traditional credit card financing, a HELOC offers borrowers much lower rates. On a HELOC you begin to accrue interest only when you borrow against your loan. They tend to offer more flexibility than other second mortgage or cash out refinance options, because you don’t have to take out your equity all at once and you can keep your current mortgage rate intact.

Why Should I Refinance My Mortgage?

  • You’d like to change your loan terms length
  • You want a better interest rate
  • You’re looking take cash-out of your homes equity to pay for large purchases
  • You want a different type of mortgage

Why Should I Take Out a Second Mortgage?

  • You don’t want to lose the interest rate on your current mortgage
  • You’re looking to use the equity in your home as a revolving credit line to make recurring large purchases (like college tuition or on-going home renovations).
  • You want to get rid of high interest debts like credit cards or personal loans.
  • You’d like to be able to access the equity for large expenses like weddings, retirement, and other big events.

What is a Cash Out Refinance?

A Cash-Out Refinance is a mortgage option that allows borrowers to refinance their home while also accessing their equity. With a Cash-Out Refinance, borrowers take a new mortgage out on their home that replaces their current mortgage, and in that process, are able to pull equity from their home to pay for expenses.

What are Current Refinance Rates?

Your exact refinance rates will depend on the mortgage you choose, the rate you qualify for and the terms you select. Contact us to review your options and calculate your payments.