I'm Refinancing
When refinancing, evaluate options like traditional mortgage refinancing, cash-out refinancing, or Rate & Term Refinance, taking into account factors such as interest rates, closing costs, and repayment terms. Explore potential assistance programs or refinancing grants to ease financial considerations, and make decisions based on personal financial goals and creditworthiness, seeking guidance from Approved Mortgage Solutions experts.
Learn more about each option below:
Cash Out Refinance
Rate & Term Refinance
Cash Out Refinance
A CASH OUT REFINANCE is a mortgage refinancing option that allows you to convert your home equity into cash. A new mortgage is taken out for more than your previous mortgage balance, and the difference is paid to you in cash at closing, minus any closing costs.
Rate & Term Refinance
A RATE AND TERM REFINANCE allows you to replace your current home loan with a new one. You can change the term of your mortgage and/or your interest rate, when doing a rate and term refinance. The main benefits of doing a rate and term refinance are to help you pay less for your loan over time, lower your monthly payments or pay off your loan faster.
Please select the option you are most interested in from the dropdown menu below and please provide the info needed below to submit a request for more info or to schedule a call.