Home Loans in 48 StatesARBOR Financial Group · NMLS #236669
Refinance Loans
Whether you’re paying too much each month, carrying PMI you no longer need, or watching an adjustable rate creep higher, refinancing with ARBOR means shopping 150+ lenders to find the rate that actually moves the needle. Rate and term, cash out, streamline: we find the path that fits your situation.
400+ licensed loan officers · 48 states · 16 years in business
About 3 minutes. Comparing options won't affect your credit score.
Call today: 866-521-6488NMLS #236669 · Equal Housing Opportunity · NMLS Consumer Access
150+
Lenders shopped for your rate
20%
Equity many refinance programs look for
620+
Credit score many lenders look for
Refinance Goals
Lower your monthly payment and free up cash flow.
Your equity may have already crossed the threshold.
Lock in a fixed rate before your ARM adjusts.
Shorten your term and cut total interest paid.
Streamline refi if you have an FHA, VA, or USDA loan.
Refinance Basics
Mortgage refinancing replaces your current mortgage with a new loan that may offer better terms, a lower interest rate or access to your home equity. Homeowners refinance to reduce their payments, switch loan types or pay off the mortgage faster, depending on their goals and what they qualify for.
Homeowners who want to lower their rate, reduce monthly payments, shorten their term, consolidate debt or access cash for home improvements can benefit from refinancing. It can also mean PMI removal: if your home has increased in value, refinancing can help you eliminate private mortgage insurance (PMI) or secure better loan terms.
Refinancing works much like applying for a new mortgage. Lenders review your credit score, home equity, loan to value ratio (LTV) and debt to income ratio (DTI) to decide whether you are eligible. The process typically includes an appraisal and underwriting, and the new loan replaces your current mortgage.
Options include rate and term, cash out and cash in refinancing, debt consolidation loans and streamline refinancing for FHA, VA and USDA loans. You can also switch from an adjustable rate mortgage (ARM) to a fixed rate loan, or the reverse, depending on your goals. Moving from an ARM to fixed lets you lock in a rate before your ARM adjusts.
Refinancing may help you save money with a lower interest rate, a smaller monthly payment or a shorter loan term. A cash out refinance also lets you tap into your home equity for renovations, debt consolidation or major expenses, all through one new mortgage instead of a separate loan.
If you have built equity in your home, improved your credit score or want better loan terms, refinancing may be the right choice. A licensed ARBOR loan originator can compare rate and term, cash out and streamline options across lenders and help you choose the refinance that fits your financial goals.
Applicants should not assume that any debt will be eliminated by refinancing or paying on balances since the debts are consolidated into a new loan. Reduction in payments may reflect longer loan terms and your total finance charges may be higher over the life of the loan. The actual amount of savings may vary.
Why ARBOR
We help homeowners refinance to save money, access home equity and build financial stability. Whether you want a lower monthly payment, a shorter loan term or a cash out refinance, our mortgage experts provide personalized guidance and competitive loan options.
From application to closing, we keep refinancing straightforward with flexible loan terms and a network of top lenders, so you can compare options tailored to your needs.
Ready to refinance? Talk with ARBOR about your refinance options today.
Working With ARBOR
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FAQ
Answers to common questions about refinancing, including when it makes sense, equity and credit score requirements, closing costs and timelines.
Still have questions?
Talk with a licensed ARBOR loan originator about your refinance options.
866-521-6488[email protected]Browse all mortgage FAQsA refinance home loan replaces your existing mortgage with a new loan that may offer different terms, interest rates or repayment options. Homeowners may refinance to reduce monthly payments, shorten the loan term or access equity, depending on their financial goals and lender guidelines.
Homeowners refinance to lower their interest rate, reduce monthly payments, change from an adjustable rate loan to a fixed rate loan, or access home equity through a cash out refinance. Some also refinance to remove PMI or shorten their loan term.
Refinancing may make sense when interest rates drop, when you want to change your loan term, or when you want to consolidate debt or access equity. A licensed ARBOR loan originator can help you weigh whether refinancing offers a real financial benefit for your situation.
Refinancing may lower your monthly payment, depending on the new loan's interest rate, the loan term and your remaining balance. Results vary with market conditions and borrower qualifications, and a lower payment from a longer term may mean higher total finance charges.
Refinancing can help you eliminate private mortgage insurance (PMI) if your home has increased in value. On a conventional loan, PMI can be removed once you reach 20% equity, and your equity may have already crossed that threshold.
Many lenders may require you to have at least 20% equity in your home for certain refinance programs, although some loan options may allow refinancing with less equity depending on the loan type and lender guidelines.
Many lenders may look for a credit score of around 620 or higher, although requirements vary by lender and loan program. A stronger credit profile may help you qualify for better loan terms.
The time from application to closing depends on the lender, your documentation, the property appraisal and the underwriting review.
Refinancing may include closing costs similar to those you paid when buying your home. They can include appraisal fees, lender fees, title services and other expenses, depending on the loan program, and an ARBOR loan originator can explain them before you commit.
Yes. In many cases, you may refinance an adjustable rate mortgage into a fixed rate loan, depending on your financial situation and available loan programs. This lets you lock in a fixed rate before your ARM adjusts.
You may refinance more than once, although some loan programs and lenders have waiting periods between refinances. A licensed ARBOR loan originator can review your eligibility and timing based on your current mortgage and financial goals.
*Important notice: By refinancing your existing loan, your total finance charges may be higher over the life of the loan. The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. ARBOR Financial Group is not affiliated with an agency of the federal government, HUD or FHA. THIS IS NOT A GOVERNMENT DOCUMENT. HUD or FHA did not distribute or approve this material.
