Refinance Loans

Getting a new mortgage to replace the original is called refinancing. Mortgage refinancing is offered to allow a borrower an opportunity to obtain a different interest term and/or rate. The first loan is paid off, allowing the second loan to be created instead of simply making a new mortgage and throwing out the original one. For borrowers with a perfect credit history, refinancing can be a great way to convert a variable loan rate to a fixed loan rate. Borrowers may be able to obtain a lower interest rate or shorten the loan term. There also may be the option to cash-out for debt consolidation, home remodeling or college expenses.

Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the appraised value of the home. Getting your first home mortgage was probably difficult. As you work hard and your good credit history grows, the opportunity may arise to procure a loan at a lower rate. Many people refinance their mortgage loan for this reason.

Disclosure: Even though a lower interest rate can have a profound effect on monthly payments and potentially save you thousands of dollars per year, the results of such refinancing may result in higher total finance charges over the life of the loan.


New Payment Amount


New Interest Rate


Renovation Expense


Cash Out


Pay for Education


Pay for Wedding

TJC Mortgage Refinance Loans

The Refinance Process



Apply Online, by Phone, by Fax, by Email or at your local MortgageRight Office.


Document Submission

Your Loan Officer will give you a list of documents that we need to process the loan application.


MortgageRight will hire a qualified appraisal expert to determine the value of the home you want to refinance.


The loan documents go through final processing to finalize the loan process and get ready for closing.


We submit all of your information and documents to our underwriters for loan approval.


We get approval for your loan, sometimes there are conditions that need to be met before closing.


Your MortgageRight loan officer works with you all the way through to the closing.

Mortgage Refinance Loan TJC Mortgage

VA Refinance Loan

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FHA Refinance Loan

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Conventional Refinance

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No PMI Refinance

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