You. Save. THOUSANDS.
5–YEAR FIXED*
4.94%
5–YEAR VARIABLE*
6.10%
3–YEAR FIXED*
5.14%
3–YEAR VARIABLE*
6.24%
*Applicable only with confirmable income uninsured mortgages
HOW DOES IT WORK?
1. Goals
Before diving into the refinancing process, it’s essential to define your goals. Are you aiming to
reduce your monthly payments, shorten your loan term, or tap into your home equity? Clarifying your objectives will help guide you towards the right refinancing strategy.
2. Valuation
For refinancing, an appraisal is usually necessary. Explore comparable sales with our realtor
partners to gain insights into your home’s value. While banks may use an Automated Valuation
Model (AVM), it’s important to rely on a thorough appraisal to close your deal successfully.
3. Ratios
When you apply for refinancing, lenders carefully evaluate your debt-to-income ratio as part of
the approval process. Having a low debt-to-income ratio is key to improving your chances of
getting approved.
1. Goals
Before diving into the refinancing process, it’s essential to define your goals. Are you aiming to
reduce your monthly payments, shorten your loan term, or tap into your home equity? Clarifying your objectives will help guide you towards the right refinancing strategy.
2. Valuation
For refinancing, an appraisal is usually necessary. Explore comparable sales with our realtor
partners to gain insights into your home’s value. While banks may use an Automated Valuation
Model (AVM), it’s important to rely on a thorough appraisal to close your deal successfully.
3. Ratios
When you apply for refinancing, lenders carefully evaluate your debt-to-income ratio as part of
the approval process. Having a low debt-to-income ratio is key to improving your chances of
getting approved.
We've been using Lendwire since it was still apart of another brokerage. The service received has been phoenomenal. From our new family home, through to our rental properties, we've received top notch service. Throughout the experience, our Lendwire Agent provided Financial Analysis and Planning that we didn't even expect to receive. We will also be apart of the Lendwire family.
When I initially started the application with Lendwire, I was over leveraged and struggling to balance my portfolio of properties. After a brief consultation and many months of being patient, I'm now at a place where I've expanded my portfolio and have retooled my investment strategies in Real Estate market. I would not hesitate to send my best recommendations.
When we bought our home we were initially using another brokerage. We were roped in with promises that typical franchise brokerages make and ended up putting an offer in without conditions. It wasn't until about 15 days before close that we found out we didn't even qualify and we were ghosted. In stepped the team at Lendwire who not only properly re-did our application, but also found a bank that did accept my self employed income with competitive rates. We did not want to go for a B lender, and we were able to close our deal on time with an A lender.
This recommendation does not need an introduction. We gave our documents and filled out the application. Within 24 hours we had a commitment in hand, not even a pre-approval as we were technically still under conditions for the purchase. 24 hours later we were broker complete and it felt eery just waiting until close. It was one of the fastest transactions I've ever had with a Mortgage Brokerage.
Questions? We've Got Answers.
Refinancing can offer you lower interest rates or better terms, saving you money in the long run. It’s also a chance to tap into your home’s equity for things like home improvements or debt consolidation.
Timing is key! The best time to refinance is generally when interest rates are low, and you can secure a rate that is significantly better than your current one. Keep an eye on market trends and your own credit health for the best results.
You’ll likely face some fees, such as appraisal costs, legal fees, and potentially a penalty for breaking your existing mortgage term early. Always weigh these costs against the potential savings.
Lendwire simplifies the mortgage process from start to finish. With our user-friendly online application, quick pre-approvals, and expert support, we make it easy and efficient. Say goodbye to complex bank applications. We’re here to provide a seamless experience and answer any questions you may have.
