Refinancing Washington Oregon Arizona Idaho Montana Nevada

Lower Your Rate • Access Equity • Change Loan Terms

Refinancing can help you achieve various financial goals, whether you want to lower your monthly payment, reduce your interest rate, shorten your loan term, or access cash from your home's equity. With over 35 years of experience, I can help you determine if refinancing makes sense for your situation. We offer streamlined processes for qualified borrowers and can often close loans quickly to take advantage of favorable market conditions.

Types of Refinancing

Rate & Term Refinance

Replace your current mortgage with a new loan that has a lower interest rate or different term length, potentially saving thousands over the life of the loan.

  • Lower interest rate
  • Shorter or longer loan term
  • Switch from ARM to fixed rate
  • Remove PMI with increased equity

Cash-Out Refinance

Access your home's equity by refinancing for more than you owe and taking the difference in cash for home improvements, debt consolidation, or other needs.

  • Access home equity in cash
  • Home improvements and renovations
  • Debt consolidation
  • Investment opportunities

FHA Streamline Refinance

Simplified refinancing for existing FHA borrowers with reduced documentation, no appraisal required in many cases, and faster processing.

  • Minimal documentation required
  • No appraisal in most cases
  • Faster processing time
  • Lower interest rates

VA Interest Rate Reduction Refinance (IRRRL)

Streamlined refinancing for VA borrowers to reduce interest rates with minimal documentation and no appraisal required in most cases.

  • Exclusive to VA borrowers
  • No appraisal typically required
  • Minimal documentation
  • Lower interest rates

When Should You Refinance?

Interest Rates Have Dropped

If current rates are significantly lower than your existing rate, refinancing could reduce your monthly payment and total interest paid.

Your Financial Situation Has Improved

Improved financial circumstances often qualify for better interest rates, making refinancing beneficial even if market rates haven't changed much.

You Want to Access Equity

Cash-out refinancing allows you to tap into your home's equity for major expenses like home improvements or debt consolidation.

Remove PMI

If your home value has increased and you now have 20% equity, refinancing can eliminate private mortgage insurance payments.

Change Loan Terms

Switch from a 30-year to 15-year loan to pay off your home faster, or extend terms to lower monthly payments.

Switch Loan Types

Convert from an adjustable-rate mortgage to a fixed-rate loan for payment stability and predictability.

Key Benefits

Discover the advantages of refinancing with Ron Thomas and unlock your home's potential

Lower your monthly payment

Reduce your monthly mortgage payment with a lower interest rate or extended term.

Reduce your interest rate

Take advantage of lower market rates to save money over the life of your loan.

Shorten your loan term

Pay off your mortgage faster and save on total interest with a shorter loan term.

Access cash from your home's equity

Cash-out refinancing provides funds for major expenses or investments.

Streamlined processing for qualified borrowers

Faster approval and closing process for borrowers who meet streamlined criteria.

Remove mortgage insurance when applicable

Eliminate PMI if your home value has increased and you have sufficient equity.

Debt consolidation opportunities

Use cash-out refinancing to pay off high-interest debt and simplify your finances.

Refinancing Process

1

Evaluate Your Situation

Review your current loan, financial situation, home value, and goals to determine if refinancing makes sense. Contact us for a personalized assessment.

2

Shop for Rates

Compare rates and terms from multiple lenders to ensure you're getting the best deal for your situation.

3

Apply and Lock Rate

Submit your application with required documentation and lock in your interest rate to protect against increases.

4

Appraisal and Underwriting

Complete the appraisal process and provide any additional documentation requested by the underwriter.

5

Close on Your New Loan

Sign final documents, pay closing costs, and your new loan will pay off your existing mortgage.

Ready to Explore Refinancing?

Let's analyze your current loan and see if refinancing could save you money or help you achieve your financial goals.