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What Is A Mortgage Refinance?

What Is A Mortgage Refinance?

What is a Mortgage Refinance?

A mortgage refinance is a reworking of the amount that you owe on your current mortgage, to account for a change in the market or your equity.  This is a way that we lower your monthly payment, shave years off of your commitment, or take money out to pay off bills.

Sometimes, your original mortgage just doesn’t fit your life anymore.  Life changes.  The market changes.  Your neighborhood changes.  All of these things affect your mortgage.

A mortgage refinance takes into account all of the changes that have happened and replaces your current mortgage with a new one reflecting your current situation.  A refinance generally takes less paperwork and closes more quickly than a traditional loan.

Reset your loan to a more favorable state.

You also have many options to refinance your loan.  HARP, FHA, and Conventional loans all are available to help you lower your rate and pay less for your mortgage.  Your refinance can come in many different forms.  Every situation is different, and we treat them all that way.

We meet in person with every mortgage applicant, showing both refinancers and new home buyers what their options are.  If you don’t have the time to come to us, we will come to you to make sure that you know what your options are.

Another bonus to a refinance is that you will be able to skip a couple of months of payments when you refinance with us.  It really is a life changing experience, and helps you put more money back in your pocket.

Next Steps

If you’re ready to refinance to a lower rate and save thousands, call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, or Indianapolis at (317) 550-1515. You can always apply online at, and we’re also open on Saturdays to better serve you.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?