Rate & Term Refinance
Lower your interest rate, change your loan term, or remove mortgage insurance without taking cash out of your home.
Rate & Term Refinance
A Better Rate.
A Better Term.
A rate and term refinance replaces your current mortgage with a new one that has a lower rate, a different term, or both. It is the most direct way to reduce your monthly payment, pay your home off sooner, or move from an adjustable rate to a fixed rate you can count on.
- Lower your interest rate and payment
- Shorten your term and pay less interest
- Switch from an adjustable to a fixed rate
- Drop FHA mortgage insurance by going conventional
Explore Your Options
Our Refinance Programs
Find the refinance solution that fits your goals
01.
30-Year Fixed Rate Mortgage
The lowest fixed monthly payment for the longest term, with a rate that never changes.
04.
Debt Consolidation
Combine high-interest credit cards and loans into one lower-rate mortgage payment and simplify your monthly…
05.
Cash-Out Refinance
Turn your home equity into cash for renovations, education, or major expenses with one new…
06.
Rate & Term Refinance
Lower your rate, change your term, or remove mortgage insurance without taking cash out of…
Explore all refinance options. View All Programs
Your Advantages
Why Refinance Your
Rate and Term?
Your mortgage should fit your life today, not the market you bought in. A rate and term refinance resets your loan around your current goals.
- Lower Payment. A lower rate can reduce your monthly payment and free up cash every month.
- Faster Payoff. Moving from 30 years to 15 or 20 can save substantial interest over the life of the loan.
- Rate Stability. Trade an adjustable rate for a fixed rate and lock in a payment that never changes.
- Drop Mortgage Insurance. With enough equity, refinancing from FHA to conventional can end your mortgage insurance.
How It Works
Our Loan Process
Four clear steps from your first conversation to closing day, all handled by one in-house team.
Consultation
We start by understanding your goals. Your dedicated loan officer reviews your situation and recommends the right program.
Pre-Approval
Our technology compares your scenario across multiple investors in minutes. You get a clear picture of your rates, costs, and options.
Processing
Your in-house processor collects documents, orders the appraisal, and coordinates with title and closing. No third-party handoffs.
Closing
Final documents are prepared, reviewed, and signed. Funds are disbursed. Your loan officer stays with you through the last signature.
Ready to Get Started?
Frequently Asked Questions
Answers to the questions we hear most about rate and term refinancing.
How much lower does my rate need to be to refinance?
There is no single rule. What matters is how long it takes your monthly savings to cover your closing costs. We calculate your break-even point so you can decide with real numbers.
Can I take cash out with a rate and term refinance?
Only a small amount allowed by program rules. If you want to access equity, a cash-out refinance is the right fit, and we can compare both for you.
Will refinancing restart my loan term?
Only if you choose a new 30-year term. You can also pick a shorter term that keeps you on track or pays your home off sooner.
Do I need an appraisal?
Most refinances require one, but FHA Streamline and VA Interest Rate Reduction refinances often do not. Some conventional refinances may also qualify for an appraisal waiver.
How long does a refinance take?
With our in-house processing team, most refinances close in 30 days or less, depending on appraisal and title timelines.
Can I remove FHA mortgage insurance by refinancing?
Yes. If you have enough equity, refinancing into a conventional loan can eliminate FHA mortgage insurance and often lower your payment.
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Contact With Us!
2220 Plymouth Rd #302, Hopkins, Minnesota(MN), 55305
Call us: (234) 109-6666
Mon – Sat: 8.00am – 18.00pm / Holiday : Closed