Reasons To/Benefits of a Refi
Benefit now

Refinancing your home can offer several benefits depending on your financial situation and goals.

Here are some common advantages of refinancing

  • Lower Interest Rates: If current interest rates are lower than what you’re currently paying on your mortgage, refinancing can help you secure a new loan at a lower rate. This can result in significant savings over the life of your loan.
  • Reduced Monthly Payments: By refinancing to a loan with a lower interest rate or extending the loan term, you can potentially lower your monthly mortgage payments. This can free up extra cash flow for other financial priorities.
  • Debt Consolidation: Refinancing allows you to combine multiple high-interest debts, such as credit card bills or personal loans, into a single mortgage payment. This can simplify your finances and potentially lower your overall interest costs.
  • Access to Home Equity: If your home has appreciated in value since you bought it, refinancing can provide an opportunity to tap into that equity. You can opt for a cash-out refinance and receive a lump sum payout that can be used for home improvements, debt consolidation, or other expenses.
  • Change in Loan Term: Refinancing also gives you the flexibility to change the duration of your loan. For instance, you can switch from a 30-year mortgage to a 15-year mortgage, allowing you to pay off your home faster and save on long-term interest costs.
  • Switching from Adjustable Rate to Fixed Rate: If you currently have an adjustable-rate mortgage (ARM) and want more stability, refinancing to a fixed-rate mortgage can lock in a consistent interest rate for the remainder of your loan term.
  • Removal of Private Mortgage Insurance (PMI): If you’ve built up enough equity in your home, refinancing can help you eliminate the need for private mortgage insurance, resulting in reduced monthly payments.

Remember, the benefits of refinancing depend on factors like your credit score, home equity, and overall financial situation. It’s crucial to evaluate the potential costs and savings involved before making a decision. Consulting with one of the mortgage professionals at WeLoan can help you assess whether refinancing is the right choice for you.

Refinance Your Mortgage


  • Pay Stubs 20% 20%
  • Tax Returns and W-2s andor 1099s 40% 40%
  • Credit Reports 60% 60%
  • Statements of Outstanding Debt 80% 80%
  • Statement of Assets 100% 100%
Your Refi Checklist Is Complete, What’s Next?

Now that you’ve set your goals, gathered all of the necessary documents, and decided whether a mortgage refinancing makes sense for you, it’s time to move forward with the application process!

Our REFI Mission

Our mission is to give you the beneficial support needed to refinance your home, regardless of your starting point.

Our REFI Promise

As your lending partner, we’ll give you the tools and information to feel confident about refinancing a home mortgage.

Reasons to Sell Your Home Now