Pre-Qualify for a Refinance Loan
Start with a short online form to get an instant estimate of your potential loan amount, monthly payment, and interest rate.
Refinance Your Home with Rize Mortgage
Lower your monthly payment, shorten your term, or access home equity with flexible home loan refinance options.
Pre-Qualify for a Refinance Loan
Quick soft-pull review to see if refinancing makes sense for you.
Pre-Qualify
Get a Refinance Loan Estimate
Our loan experts will review details on your rate, term, and monthly savings.
Start Pre-Approval
Smart Refinance Calculator
See how much you can save each month by refinancing.
Calculate My SavingsMortgage Loan Options for Refinance
Refinancing isn’t one-size-fits-all, the right mortgage refinance depends on your unique financial goals. At Rize, we offer a wide range of refinance loan programs designed to fit nearly every situation.
Rate & Term Refinance
Switch to a lower interest rate, change your term (e.g., from 30 to 15 years), or both. This is the most common refinance mortgage for lowering payments and saving on total interest.
Cash-Out Refinance
Tap into your home’s equity by refinancing into a larger loan and getting cash back at closing. It is great for home improvements, paying down debt, or funding major expenses.
FHA Streamline Refinance
If you already have an FHA loan, this simplified option lets you refinance with less paperwork, no appraisal in some cases, and potentially lower monthly payments.
VA IRRRL (Interest Rate Reduction Refinance Loan)
Available to eligible veterans and service members who already have a VA loan. It’s designed to reduce your interest rate with minimal paperwork and a faster process.
Jumbo Loan Refinance
Ideal for homes priced above conforming limits. A Jumbo Loan Refinance can help you lower your interest rate, adjust your loan terms, or tap into your home’s equity.
Refinance Pre-Qualification vs Pre-Approval
Just like buying a home, refinancing begins with understanding what you qualify for, from your loan options to potential savings, so you can choose the program that best fits your financial goals.
Pre-Qualify Refinance Loan
With a Pre-Qualify Refinance Loan, you get a quick estimate of your potential loan amount, monthly payment, and interest rate with no obligation.
Refinance Loan Pre-Approval
Refinance Loan Pre-Approval is a verified review of your income, assets, and credit that gives you stronger buying power and locks in your refinance options.
Our Simple Mortgage Refinance Process
Refinancing your mortgage doesn’t have to be complicated. At Rize, we guide you step by step, making the process clear, stress-free, and tailored to your financial goals. Here’s how our mortgage refinance process works
1
Apply & Get Pre-Approved
Submit your income, credit, and asset documentation so we can review your eligibility. A pre-approval provides a verified estimate of what you qualify for.
2
Compare and Choose the Right Refinance Loan
We’ll review your refinance options together, whether your goal is lowering your interest rate or shortening your loan term.
3
Lock Your Rate
Once you select the best refinance option, you can lock in today’s interest rate, protecting yourself from potential market fluctuations.
4
Underwriting & Appraisal
Our team of experts review your documents, verify eligibility, and, if required, order an appraisal to confirm your home’s value.
5
Close Your Refinance Loan & Start Saving
Review and sign your final documents, complete your refinance, and start enjoying the benefits of your new mortgage terms.
6
Tips for a Successful Refinance Mortgage Loan
Looking to get the most out of your mortgage refinance? Follow these practical tips to maximize savings and streamline the process.
Review Your Credit Early
Your credit score affects the interest rate. Check your report, fix errors, and reduce high balances.
Define Your Financial Goals
Decide whether you want lower payments, pay off faster, or access equity.
Gather Documents Ahead of Time
Having tax returns, pay stubs, and bank statements ready speeds up application and underwriting.
Compare Refinance Loan Options
Not all programs are the same. Compare rate-and-term, cash-out, and FHA/VA refinance options.
Act When Rates Are Favorable
Lock in a low rate to save thousands over your loan’s life.
FAQ (Frequently Asked Questions)
How to Refinance a Mortgage?
Refinancing a mortgage involves replacing your existing home loan with a new one, usually to secure a lower interest rate, reduce monthly payments, or change loan terms. The process starts with evaluating your current mortgage, checking your credit score, and gathering financial documents. You can apply for a rate-and-term refinance, cash-out refinance, or specialized programs like FHA Streamline or VA IRRRL. Lenders will assess your income, debts, and home equity to determine eligibility.
How Much Does It Cost to Refinance a Mortgage?
Refinancing a mortgage typically costs 2–5% of the loan amount, including closing costs, appraisal fees, and lender charges. Costs can vary depending on the type of refinance and lender. A cash-out refinance may have higher fees, while FHA Streamline or VA IRRRL loans often have lower or waived closing costs. Even though refinancing involves upfront expenses, lowering your interest rate or shortening your loan term can lead to long-term savings on mortgage payments and interest.
How Long Does It Take to Refinance a Mortgage?
Refinancing a mortgage usually takes 30–45 days from application to closing, but it can vary depending on loan type and document readiness. The process includes application, appraisal, underwriting, and closing. FHA, VA, or USDA refinances may require additional steps due to specific program requirements. Delays often happen if documentation is missing or if the property appraisal takes longer. Planning and responding quickly to lender requests can help speed up the process.
When Can I Refinance my Mortgage?
You can refinance your mortgage at any time, but it’s often most beneficial when interest rates drop, your credit improves, or you want to change your loan term. Many lenders require at least 6–12 months of mortgage payments before allowing a refinance. Home equity is also a key factor—most lenders require at least 20% equity for conventional loans. Programs like VA IRRRL or FHA Streamline may have more flexible timing.
When is Mortgage Refinance Worth it?
Refinancing is worth it when the potential savings from lower interest rates, reduced monthly payments, or accessing equity outweigh the refinancing costs. Calculate your break-even point—the time it takes for savings to cover closing costs. Refinancing to a shorter loan term can save interest over time, while a cash-out refinance may provide funds for home improvements or debt consolidation.
Ready to Refinance Your Mortgage?
If you’re looking for lower payments, shorter terms, or cash from your equity, refinancing may be the smartest move you can make today.
