Refinancing 101.

There are several reasons to refinance your mortgage – to lower your monthly payments, consolidate debt, or remodel, to name a few – and Embrace makes it easy.

MY OPTIONS

Lower payments

Lower my Monthly Mortgage Payments
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Cash out

Explore Cash-Out Refinancing Options
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Debt consolidation

Pay off high interest credit cards, car loans, medical bills and other debt.
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What’s refinancing?

Refinancing is replacing your existing mortgage with a new home loan. There are several types of refinance loans, each with their own benefits. Our specialists will work with you to understand your needs and help find the right program for you.

With a lower interest rate, you could reduce your monthly payment and increase your cash flow. You can consolidate credit cards, auto loans, and other debt into a single monthly payment with a debt consolidation loan. You can also use a cash-out refinance to turn your home's equity into cash and pay for renovations, the down payment on a new car, college tuition, or that vacation you've always wanted.

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US WEEKLY AVERAGES*

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TYPES OF LOANS

Which loan is right for me?

Everyone’s situation is unique, and our mortgage specialists will help you find the loan that’s right for you. For a lower monthly payment, you might go for a 30-year fixed rate. To save more in the long run, you might opt for a 15-year term or an adjustable rate mortgage (ARM). There are also FHA, VA, and USDA loans, which have their own great benefits if you qualify.

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THE PROCESS

What happens during the refinance process?

An Embrace specialist will walk you through three simple steps: apply, approve, close. Our streamlined process is that easy. Simply call or fill out our no obligation form and you’ll be assigned to one of our loan officers, all experts in the field. And you can rest assured that as a direct lender, we take care of every detail, from day one to closing.

There’s no cost and no obligation to learn more, so give us a call or apply online now and see how refinancing can benefit you.

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TESTIMONIALS

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30 Year Fixed-Rate Refinance Mortgage Example:
The payment on a $225,000 30 year fixed-rate cash out refinance loan at 3.875% with a 70% loan-to-value (LTV) is $1058.04 with 2 points due at closing. The Annual Percentage Rate (APR) is 4.123%. This assumes a FICO score greater than 680. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.

30 Year Fixed-Rate Purchase Mortgage Example:
The payment on a $225,000 30 year fixed-rate purchase loan at 3.49% with a 70% loan-to-value (LTV) is $1,009.10 with 2 points due at closing. The Annual Percentage Rate (APR) is 3.733%. This assumes a FICO score greater than 700. Payment does not include taxes and insurance premiums, which will result in a higher monthly payment. Interest rates and annual percentage rates (APRs) are based on current market rates and are subject to change without notice. Rates offered may be subject to pricing add-ons related to property type, loan amount, LTV, credit score and other variables. Mortgage insurance may be required for LTV >80%. If mortgage insurance is required, the mortgage insurance may increase the APR and the monthly payment. Stated rate may change or not be available at the time of loan commitment or lock-in.