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Interested in Refinancing Your Home?

Approved Mortgage has helped thousands of homeowners lower their monthly payments, renovate their homes, or even consolidate their debt. Start a pre-approval today to find out how much you can save!

Ready to Get Started?

Approved Mortgage is here to help make the mortgage refinance process stress free and hassle free by shopping for the best rates and finding the right program for you.

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Why Refinance Your Mortgage?

3 Reasons Why to Refinance Now

Lower Monthly Payments

One of the leading reasons homeowners refinance their mortgages is to lower their current monthly mortgage payments by taking advantage of a lower interest rate. Saving money on a mortgage also gives homeowners the chance to build more equity in their homes.

Consolidate Debt

Some homeowners refinance their mortgages to pay off high-interest debt. A debt consolidation refinance helps homeowners use a lower-interest mortgage to get more than they owe on the home and take the difference in cash to be used towards paying off debts such as credit card balances.

Home Renovations

Homeowners can use a refinance as a low-cost way to make renovations or repairs to their homes. When a homeowner refinances a mortgage for more than they owe, they can take the difference in tax-free cash. The more equity in the house, the more money the homeowner can convert to cash.

Ready to Get Started?

Approved Mortgage is here to help make the mortgage refinance process stress free and hassle free by shopping for the best rates and finding the right program for you.

The Mortgage Refinance Process

3 Easy Steps to Refinancing Your Home

Contact Lender to Apply

The first step in refinancing your home is to get help from a Mortgage Advisor so that you can verify the rates and fees before you apply for a mortgage refinance. A Mortgage Advisor will also outline your refinance options and help you with your refinance processing.

Processing

After you have applied for a mortgage refinance with a lender, your application will go through processing. A Mortgage Advisor will inspect all of the documents you provide, let you know whether you need an appraisal, and submit your files to underwriting.

Closing

Once underwriting has finished and approved your loan, you will be clear to close on your mortgage refinance.  Your Mortgage Advisor will then schedule a closing so that you can sign your loan paperwork and complete the final step of your mortgage refinance.

Ready to Get Started?

Approved Mortgage is here to help make the mortgage refinance process stress free and hassle free by shopping for the best rates and finding the right program for you.

Mortgage Refinance Options

3 Types of Refinance Loans

Rate-and-Term

The most common refinance is a rate-and-term mortgage refinance. This type of refinancing lets homeowners change their current mortgage rates, loan term, or both. Homeowners can save money by either lowering their monthly payments or paying less interest overall.

Cash-Out

A cash-out refinance allows homeowners to tap into the equity of their homes. It may also offer a lower interest rate or a shorter loan term. Home equity is the difference between what a homeowner owes on an existing mortgage and what the home is currently worth.

Streamline

A streamline refinance refers to the refinancing of an existing government-insured loan such as an FHA. This process is a little more simplified than a traditional refinance, and homeowners save money by getting rid of their current higher interest rates, which can lower their monthly payments.

Ready to Get Started?

Approved Mortgage is here to help make the mortgage refinance process stress free and hassle free by shopping for the best rates and finding the right program for you.

About us.

Approved Mortgage has helped thousands of homeowners improve their credit scores and obtain approvals when they didn't think possible. We’ve simplified the process of shopping for a mortgage and finding the best home loan option for your needs. Our Mortgage Advisors are ready to help guide you along the way.

Start Pre-Approval Now

Jamie W.
This company was so helpful. They communicated regularly and explained each step of the home buying process. On top of great service, I got great financial deals as well!
myles K.
Approved Mortgage did a great job closing our mortgage. They were ready on time with all of the needed documents correct and ready to go. This made the closing process go fast and smooth. We were in and out in just over half an hour. This was refreshing and enjoyable.