Refinancing Is Faster and Easier Than You ThinkRefinancing your home can save you thousands of dollars over the lifetime of your loan. Experienced Newrez Loan Advisors offer a personalized touch that takes your needs into consideration and makes the refi process easy. Let's Run the NumbersThink you could benefit from a refinance at a lower rate? A great way to get started is to use a calculator like this one, to see if you might be able to save money on your monthly payment. Before you invest your time in completing an application, see if - and how much - you might save. Lower Your Mortgage Interest Rate by RefinancingRefinancing your home can lower your monthly mortgage payments, save on interest over the life of your loan, or give you more money to invest in home improvements, your savings, or to pay off additional debts. Take advantage of lower interest rates and refinance your home. A Newrez Loan Advisor can walk you through the process and help you find the best loan option for your needs. 
Lower Your Monthly PaymentsRefinancing at a lower rate can help you lower your mortgage payment every month. Put more money back in your pocket. Additional Benefits:
Save on Interest Over the Life of Your LoanRefinancing might help you to pay less interest overall or get closer to owning your home outright sooner than you think. Additional Benefits:
Take Cash-Out and Leverage Your EquityA cash-out refinance allows you to access a portion of your home’s equity and receive cash value for it, giving you more financial breathing room. Additional Benefits:
See why customers choose Newrez as their Trusted Lender for their home loans. Apply Online Now 888-888-8888Refinance FAQ
A home loan refinance is about striking at the right time, particularly when it comes to interest rates, home equity, and your financial and living situation. Refinancing without carefully considering these factors (and more) could end up not being in your best interest (so to speak) once it’s time to reach out to a lender. It’s important to ask yourself this up front—because the reasons to refinance come in several different forms. With a home loan refinance, you could:
Home equity is fundamental to refinancing – it’s the difference between the property’s current value and the amount you still owe on the loan. Your credit score is just as important to qualify for a refi AND get a good rate as it was when you first bought your home. But it all depends on the loan. Consider this breakdown:
Your closing costs are dependent on several factors, including the purchase price of the home and the loan you’re refinancing. Generally, you can expect to pay between 2% - 5% of the loan amount. Therefore, if your refinanced loan is $150,000, your closing costs would be between $3,000 and $7,500. It’s crucial to determine how many months or years it will take until the benefits of your refi outweigh the costs. To calculate the break-even point for your closing costs, divide the refinancing costs by the amount you’ve lowered your monthly payment. © 2021 Newrez LLC. All Rights Reserved. Doing business as Newrez Mortgage in the states of Arkansas and Texas. Website approval pending with the New York Department of Financial Services. This communication does not constitute a commitment to lend or the guarantee of a specified interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply. Newrez LLC, 1100 Virginia Dr, Suite 125, Fort Washington, PA 19034. Corp NMLS#: 3013 (www.nmlsconsumeraccess.org). Licensed by the AZ Department of Financial Institutions (license no. 919777). Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act. Loans made or arranged pursuant to a California Financial Lenders Law license. GA - Georgia Residential Mortgage Licensee #22847. IL - Illinois Residential Mortgage Licensee. KS - Kansas Licensed Mortgage Company (license no. MC.0025382). MA-Newrez LLC is licensed in Massachusetts as a Mortgage Lender. Massachusetts Mortgage Lender License - License Number: ML-3013. NJ- Licensed by the N.J. Department of Banking and Insurance. NY- Licensed Mortgage Banker - NYS Department of Financial Services. RI - Rhode Island licensed lender. Additional licenses available at www.newrez.com. Please note that Newrez LLC is not the servicer of your current mortgage loan account. If you have any questions about your mortgage loan account, please contact your mortgage servicer. |