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Why Refinance?
Whether you’re looking to lower your interest rate, pay off your loanfaster,orunlockequityinyour home,we’reheretohelpyoumake themostofyouroptions.
At Choice Mortgage Group, we help you explore refinancing strategies that fit your goals—not justtoday,butlong-term.
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Top Reasons Homeowners Refinance
Lower Your Monthly Payment
Secureabetterinterestrateandreduceyourmonthlycosts.
Shorten Your Loan Term
Movefroma30-yearmortgagetoa15-yeartermandsaveon interestovertime.
Tap Into Your Equity
Use the value you’ve built in your home to fund major expensesorconsolidatedebt.
Stabilize Your Loan
Convert an adjustable-rate mortgage (ARM) to a fixed-rate loanforpredictablepayments.
Simplify Your Finances
Combinemultipleloansintooneeasy-to-managemortgage.
What Role Do Interest Rates Play?
Interestratescanhaveabigimpactonwhatyoupayeach month—andoverthelifeofyourloan.Evenasmallrate improvementcanleadtomajorsavings.
We’llwalkyouthroughcurrentratetrends,helpcalculate yourpotentialsavings,andrunrealscenariossoyou canmakeaninformeddecision.
Credit & Refinance
What to Know
Yourcreditscoreisn’ttheonlythinglenderslookat,butitplaysabigpartinyourapproval andrate.Here’showtogetready:
CheckYour CreditReport
Startbyreviewingyourcreditatannualcreditreport.comto understandwhereyoustandandwhatlenderswillsee.
LowerYour Debt
Animportantfactorincreditscoremodelsisyourcredit utilization theamountofyourcreditlimityou'reusing whencreditorsreporttothebureaus.Forexample,ifyou haveacreditcardwitha$5,000limitanda$1,000 balance,that’sconsideredahealthyratio.Butifyour balanceis$4,500onthatsamelimit,itcouldnegatively impactyourscore.
CatchUpon Accounts
Ifyouhavelatepaymentsorcollections,don’trushtopay themoff.Talktousfirst wemaybeabletohelpyou negotiateaplanorevenworktowardgettingthem deleted.
Refinancing Made Simple
AtChoiceMortgageGroup,westreamlineyourrefinance fromstarttofinish.Here'showitworks:
Personal Strategy Session
We’llstartwithaconversationtounderstandyourgoals andrunnumbersonpossibleoptions.
Application & Documentation
Applyonlineorwithyourloanofficer.We’llguideyou throughthedocumentsyou’llneed.
Appraisal & Underwriting
Ifrequired,anappraisalwillhelpconfirmthecurrent marketvalueofyourhome.Ourunderwritingteamwill verifyyourinformationandassessyourfile.
Approval
Onceconditionallyapproved,wemayrequestfinalitems beforeissuingfullapproval.
Closing
You’llsignfinaldocuments,bringacertifiedcheckif needed,andreceivefulldetailsinadvancesothereareno surprises.
ProTip:Don’tmakemajorfinancial changesduringtheprocess(like switchingjobsortakingonnewdebt).
Do’s and Don’ts During Your Refinance
Whenyou’rerefinancing,yourfinancialactivitymattersjustasmuchasyourpaperwork.Followinga few simple guidelines can help prevent delays or surprises during the loan process. Stick to these do’s and don’ts to keep your refinance moving smoothly from application to closing. And if you’re everunsure justask!We’reheretohelpyoueverystepoftheway.
Do’s: Stay on Track During Your Refinance
Completeyourloanapplication fullyandaccurately.
Respondquicklytorequestsfor documentsorinformation.
Discloseallyourexistingloans, debts,andcreditlines.
Keepyourjobandincomesteady throughouttheprocess.
Stayavailableandconnectedas yourclosingdateapproaches.
Maintainon-timepaymentsforall yourbillsandaccounts.
Don’ts: Avoid These Common Pitfalls
Don’tco-signfornewloansor leasesduringyourrefinance.
Don’tmakemajorpurchaseslike cars,furniture,orappliances.
Don’topennewcreditcardsor takeonadditionaldebt.
Don’tmisspaymentsorletany accountsfallbehind.
Don’tmovelargesumsofmoney ormakeuntraceabledeposits.
Don’tmakecareerchanges mid-process.
LOAN PROGRAMS
W E O F F E R
Cash-out refinance
Turnyourhomeequityintofundsfor:
Debtconsolidation
Collegetuitionorretirementplanning
Renovationoremergencyreserves
Conventional loan Refinance Jumbo Cash-Out Refinance
Refinance into a lower rate or shorter term Great for homeowners who want to lock in savings or finish their loan sooner
Discover how refinancing your mortgage can help you reach your financial goals faster.
Higher loan limits, competitive rates, and up to $500,000 cash-out available perfect for luxury or high-value properties
FHA203(k) Renovation Refinance
Finance both your mortgage and the cost of qualified repairs or upgrades in a combined single loan
Refinance your existing VA loan to lower your rate or switch from an ARM to a fixed-rate mortgage with minimal paperwork
If you have a USDA loan and live in an eligible rural area, this program helps lower your rate with a simplified process
Refinance FAQ
Answers to Your Most Common Refinancing Questions
Thinkingaboutrefinancingbutstillhavequestions?You’renotalone.Herearesomeofthe mostfrequentlyaskedquestionstohelpclearthingsup:
Howlongdoes refinancingtake?
Mostrefinancestake30–45daystoclose,butwithus,the processtypicallytakesjust14–21days.Westreamline everythingtomakeyourrefinancefasterandmoreefficient
What’sa ratelock?
Aratelocksecuresyourinterestratewhileyourloanisbeing processed,protectingyoufrommarketchanges.
DoIneedahome appraisal?
Someloansrequireanappraisaltoconfirmyourhome’svalue; othersmaywaiveit.
Whatfees willIpay?
Expectlender,title,appraisalfees,andprepaid taxes/insurance we’llgiveyouafullestimateupfront.
CanItake cashout?
Yes,acash-outrefinanceletsyouuseyourhome’sequityfor thingslikedebt,renovations,orsavings.
Why Work With Choice Mortgage Group?
We’remorethanjust yourlender—we’reyour mortgagepartnerforlife.
Over30yearsofexperience helpingfamiliesrefinance confidently
Customizedloanstrategiesto meetyourneeds notonesize-fits-all Localexpertisewith nationwidereach
Atransparentprocessthat putsyoufirst
Our mission is simple: streamline the financing process and more empowering for you.
