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Refinance your home loan

  • Lower your interest rate

  • Save money on interest

  • Shorten the life of the home loan

  • Make mortgage payments more predictable

  • Stop paying mortgage insurance

  • Lower monthly mortgage payments

  • By refinancing, the total finance charges you pay may be higher over the life of the loan

 

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When should you refinance a mortgage?

With a home refinance, you pay off your existing mortgage and replace it with a new mortgage that has a better rate or better terms. You may refinance to save money on interest or reduce your monthly payments. There may be other benefits to refinancing too.

Homeowners typically refinance their mortgages when current interest rates are significantly lower than the rate on their current loan. That’s because you want refinancing to make sense after you pay the closing costs which are often required. Use our mortgage refinance calculator to estimate how much you might save by lowering your interest rate, changing your loan term, and more.

Freedom Mortgage offers a range of home refinancing options and our Loan Advisors are happy to answer your questions! Visit our Get Started page or call us today at 877-220-5533.

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House icon with tree Conventional
REFINANCE
House icon with flag VA
REFINANCE
House icon FHA
REFINANCE
House icon with tree USDA
REFINANCE
Appraisal Needed Yes Appraisal Needed No for Streamline Appraisal Needed No for Streamline Appraisal Needed No
Income Verification Yes Income Verification Varies by loan Income Verification Varies by loan Income Verification Varies by loan
Credit Requirements Yes Credit Requirements Varies by loan Credit Requirements Varies by loan Credit Requirements Varies by loan
Mortgage Insurance Yes, if less than
20% equity
Mortgage Insurance No Mortgage Insurance Yes Mortgage Insurance Yes
Loan-to-Value Ratio (LTV) limit Yes Loan-to-Value Ratio (LTV) limit Varies by loan Loan-to-Value Ratio (LTV) limit Varies by loan Loan-to-Value Ratio (LTV) limit Varies by loan
Loan Restrictions Any Loan Type Loan Restrictions Must Have a VA loan Loan Restrictions Must Have an FHA loan Loan Restrictions Must Have a USDA loan
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What our customers say about refinancing their home loans

Check out the reviews from some of our customers.

Reviews and comments (i) have been submitted by customers voluntarily, (ii) are solely the views of such customers, and (iii) have been screened by Freedom Mortgage Corporation prior to publication in accordance with our guidelines. Customers were not compensated for their reviews/comments but were informed that the submittals may be used in Freedom Mortgage Corporation advertising. Customer experiences are not meant to suggest future performance and may not be representative of your experience.

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Sign up for interest rate text alerts!

The Eagle Eye program is exclusively for Freedom Mortgage customers.

Freedom Mortgage: Young couple sitting down together looking out window smiling
Freedom Mortgage: Young couple sitting down together looking out window smiling
Freedom Mortgage: Young couple sitting down together looking out window smiling

At Freedom Mortgage, we want to make sure you know about your home financing choices. That’s why we monitor the current mortgage environment, and let you know about ways you could save money. We call this the Eagle Eye Program. Sign up for your alerts today!

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Contact Us

Get started today by getting a personalized evaluation of your home loan options from Freedom Mortgage.

877-220-5533