Refinance to Lower Rates & Access Equity

Timothy Lynn, Loan Officer at Milestone Mortgage Solutions LLC

Timothy Lynn, Loan Officer

Milestone Mortgage Solutions LLC

Phone: (774) 246-6356

Email: [email protected]

NMLS# 1085312

Company NMLS# 1815656

Licensed in: MA, RI, CT, FL, NH, VT, OH, WV, VA, NC, MS, AL, TX, PA, OK, KS, MO, IA, WI, MN, ND, SD, CO, UT, NV, WA, VI, IN, IL, ME, AZ, WY

Timothy Lynn | Loan Officer | NMLS: 1085312 | Milestone Mortgage Solutions, LLC | NMLS #1815656 | 128 Union Street, Suite 101, New Bedford, MA 02740 | Licensed/registered in Connecticut | Illinois License# 031.0094211 | Indiana | Maine | Rhode Island — Rhode Island Licensed Loan Broker, Licensed Lender. Milestone Mortgage Solutions, LLC is also federally registered. For additional license/registration information, visit www.milestonemortgagesolutions.com/legal and www.nmlsconsumeraccess.org. For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. For additional information, visit www.milestonemortgagesolutions.com.

Refinance

Refinance to Lower Rates & Access Equity

Types of Refinancing Options

Rate and term refinance

Cash-out refinance

Streamline refinance

When Should You Refinance?

Refinance Savings Calculator

Want your real refinance options?

Cash-Out Refinance vs. HELOC

Understanding Refinance Costs

Refinancing FAQ

Ready to Get Your Best Refinance Rate?

REALTORS

LOAN PROGRAMS

Refinance

Lower your monthly payment, tap into your home's equity, or change your loan term. Estimate your savings below, then talk with a loan officer about your options.

Choose the strategy that fits your goals and your current loan.

Replace your current mortgage to change the rate, the term, or both.

Lower your monthly payment

Reduce the total interest you pay

Switch from an adjustable rate to a fixed rate

Borrow more than you owe on your home and receive the difference in cash.

Fund home renovations

Consolidate higher-interest debt

Cover education or other major expenses

A faster refinance for existing FHA, VA, or USDA loans.

Less documentation than a standard refinance

An appraisal may not be required

Eligibility depends on the program and your loan history

Timing can save you real money. Use the calculator below to check the numbers for your loan.

Generally, if rates have dropped by 0.5% or more since your original loan, refinancing could be worth a closer look.

1 Rates have dropped A lower rate than your current loan can reduce your payment or your total interest.

2 Your credit has improved Better credit can qualify you for a lower rate, even when market rates have not moved much.

3 You need cash for major expenses A cash-out refinance can help pay for renovations or consolidate debt.

4 You want to change your loan term Moving to a 15-year loan can pay off your home faster. Extending the term can lower your payment.

Compare your current payment with a new loan and see how long it takes to recover your closing costs.

New loan term

Estimated monthly savings

At these numbers, the new payment is not lower. Try a lower new rate or a different term.

Principal and interest only. Taxes, insurance, and fees are not included in these estimates.

You're all set!

We'll send your numbers over and follow up personally.

We'll email your savings estimate with today's rates and next steps. No obligation.

Both let you use your home's equity, but they work differently. Choose the option that fits your goals.

Tax deductibility depends on how the funds are used. Consult your tax advisor for guidance specific to your situation.

A refinance has upfront costs, but the monthly savings often make up for them over time. Ask for a Loan Estimate so you can compare offers line by line.

Ways to lower the upfront cost

Shop around for rates and fees, and compare Loan Estimates.

Ask about lender credits in exchange for a slightly higher rate.

Consider a no-closing-cost refinance, which may carry a slightly higher rate.

Answers to common questions about refinancing a home loan.

All calculations are estimates and your actual rate, payment, taxes, insurance, and other costs may vary. Results are not a rate quote, loan approval, or commitment to lend. All loans are subject to credit approval. Other restrictions may apply. Rates and terms are subject to change without notice.

Reach out for a free consultation and a personalized refinance review.

Giving you financial power.

Quick Links

Contact

NMLS#

Company NMLS#

128 Union Street, Suite 101, New Bedford, MA 02740

Office (508) 356-5262