Refinance Your Home

Your home is an important financial investment. Refinancing your home loan can be a good way to manage your investment and lower your monthly payments, or payoff your mortgage faster. With personal, local service and no up-front costs, we’re here to help you get the mortgage that works for you and your budget.

Review your Current Mortgage

Your dedicated Homewise Loan Officer will review your current mortgage and help you decide if now is the right time to refinance.

If today’s interest rates are lower than your current mortgage, refinancing could save you money by lowering your monthly payments.

Think you can’t refinance because you owe more than your home is worth? Homewise participates in the HARP lending program, which may be a good option for you.

What is HARP?

Home Affordable Refinance Program (HARP) is a loan program that allows homeowners who have lost value in their home to refinance and take advantage of today’s lower interest rates. If you owe as much or more on your home than it’s worth, you may be able to refinance with HARP. Even if you’ve been denied in the past, you still may qualify and with HARP, an appraisal may not be needed.

Do I qualify for HARP?

There are a few questions you can ask yourself to determine if you may qualify for HARP.

  1. Is your mortgage owned by Fannie Mae?
  2. Did your mortgage loan close on or before May 31, 2009?
  3. Have you paid your mortgage on time during the last 12 months?

If you answered yes to the above questions, you may qualify for a HARP loan. A Homewise Loan Officer can review your current mortgage and determine if you qualify for a refinance through HARP. Take advantage of the services available at Homewise. As a non-profit organization, we can offer you a free consultation to see if refinancing makes sense for you. There’s no pressure to sell you a loan. We’re here to help you find the right mortgage for you and your budget.

Refinance to a Better Mortgage

Your home is an important financial asset. You can invest wisely in your home by refinancing your existing mortgage to one with a lower interest rate and better terms.

Refinancing could lower your monthly payment and also lower your overall borrowing costs, saving you money in the long run. If you currently have an adjustable rate mortgage, refinancing to a fixed-rate can give you the security of knowing that your rate will never change for the life of the loan.

  • Your refinance benefits will include:
  • Personal service from a Homewise Loan Officer
  • A mortgage assessment to determine if now is the right time for you to refinance
  • Locking in to a fixed-rate
  • Eliminating mortgage insurance fees for a substantial monthly savings
  • Low origination fees

Get Started Today

Our refinance loan officers are here to help you through the process from start to finish so that you can turn your refinance plans into reality.

More Information About Today's Rates

How the rates shown in the box (above, right) are determined.

Rates shown are based on the following scenario:

Loan Component Details
Loan Amount $160,000
Loan Purpose Purchase/limited cash out refinance
Purchase Price $200,000
Property Use Primary Residence
Settlement Charges $4,968.00 (est)
Property Type Existing Single Family
Lock Period 30 Days
Escrow/Impounds Yes

For other pricing information, please contact one of our Loan Officers.

Please note that the interest rate and fees shown are estimates. The actual interest rate and fees available to you will be based on your credit history, loan-to-value ratio and possible other factors, and may be different than the rates displayed here. Rates shown assume a minimum FICO score of 740 and maximum loan-to-value ratio of 80%. APR – A loan’s Annual Percentage Rate (APR) is a yearly percentage rate that expresses the total finance charge over the loan’s entire term. Since the APR includes the interest rate, fees, points, and mortgage insurance, it is a more complete measure of a loan’s cost than the interest rate alone. The loan’s interest rate, not its APR, is used to calculate the monthly principal and interest payment.