Refinance Loans

Do More with Your Home's Equity

Ready to save on your monthly mortgage payment, considered consolidating debt or interested in upgrading your home’s curb appeal? Then let us help you find a refinance option best suited for your needs.

Bankingbridge services provide our consumers with analytics around open rates and subscription methods for rate. The accuracy of the rate and fee data cannot be guaranteed and are based off of the assumptions provided to us by the consumer.

For informational purposes only. Does not constitute an offer to lend. Rates are not guaranteed and are subject to change without notice. Your guaranteed rate will depend on various factors including loan product, loan size, credit profile, property value, geographic location, occupancy, and other factors. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms, conditions are subject to change without notice.

Refi Your Way

Cash Out Refinance

It's Your Money. Take it Back.

 

Have you ever wondered what the equity in your home could do for you? Our cash-out loans give you money back to pay off debt, build that dream-worthy kitchen or buy a new car.

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FHA Stream gradient

Say Goodbye to High Debt Payments.

 

Stop nickel and diming your debt by paying monthly minimums to never ending bills. Use an FHA Streamline to lower your monthly payments that could help you pay off other expenses faster.

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VA Streamline gradient

Don't Settle for a Higher Rate.

 

Let's not overcomplicate this. If your current mortgage rate is higher than what's available now, let us save you money by refinancing your home. Fast. Easy. And the highest customer service you'll find with our VA Streamline.

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Smart, Better Refinancing

rates whiteCompetitive Pricing

Combination of rates and closing costs 

 

 

Save big

Save Big

Save thousands on your loan by adjusting your rate or term

 

 

Upgrade your home

Upgrade your Home 

Use excess cash to work on home improvement projects

Kara Whitman

How We Roll

Refinance Your Goals

We've made the refinance experience painless with super fast technology and expert guidance along the way. It's home lending, the modern way.

1. Digital Application

Determine the best refinance options to help achieve your goals by completing our quick and easy digital mortgage application.

 

2. Lock Your Loan

Select the program that best suits you and lock in your rate. Then your loan portal is created. This is where you’ll update all necessary documents and information.

 

3. Digital Updates

We'll keep you updated throughout your refinance with online or on-the-go notifications.

 

4. Virtual Closing

Gone are the days of closing at the attorney’s office. Our virtual closing lets you decide when and how you want to close - for time (and money) saved.

1. Digital Application

Determine the best refinance options to help achieve your goals by completing our quick and easy digital mortgage application.

 

2. Lock Your Loan

Select the program that best suits you and lock in your rate. Then your loan portal is created. This is where you’ll update all necessary documents and information.

 

3. Digital Updates

We'll keep you updated throughout your refinance with online or on-the-go notifications.

 

4. Virtual Closing

Gone are the days of closing at the attorney’s office. Our virtual closing lets you decide when and how you want to close - for time (and money) saved.


 

Refinancing Options and Benefits

Cash Out Refinance

Cash-out refinancing puts your hard-earned cash back in your pocket from the equity you’ve built in your home so you can make those repairs or start that renovation you’ve been dreaming of.


FHA Streamline Refinance

An FHA streamline refinance is your financial shortcut, enabling you to either lower your interest rate or monthly payment. If you go with an FHA streamline, you will save thousands of dollars on your overall loan with the current mortgage refinance rates available online and on your schedule.


VA Streamline Refinance

Our VA streamline refinance option gets veterans refinanced in less time and with fewer qualification criteria than a standard VA loan. Choose from multiple rates and term programs that suit your needs. With Wyndham Capital's dedicated mortgage loan officers ready to serve you, say "goodbye" to your outdated loan.

Learn more about home refinancing and how to find refinance rates below.

 


 

Answers to Your Most Frequently Asked Refinance Questions


What is a Refinance Rate?

When you refinance your home loan, you get an updated interest rate. This is called a refinance rate. It is the new interest rate you pay on your refinanced mortgage loan.


What are Today's Mortgage Refinance Rates?

Refinance rates are not fixed and can quickly change with the real estate market. Our rate comparison tool makes it easy to find and compare today's refinance rates, allowing you to compare today's loan rates from leading lenders to help decide if refinancing is a good option for you.


Who Has Competitive Refinance Mortgage Rates?

Generally speaking, mortgage lenders can offer better mortgage refinance rates than banks and credit unions. Digital mortgage lenders like Wyndham Capital offer some of the lowest refinance rates available today thanks to our digital advantage.


How to Find Mortgage Refinance Rates for Your Needs?

We suggest shopping around to compare rates. Wyndham Capital Mortgage makes it easy to compare our mortgage refinance rates from the comfort of your home. You can input information specific to your situation to see what refinancing options are most suitable for your needs.


Is it Worth it to Refinance?

There are a variety of benefits to refinancing and deciding whether or not it is worth it depends on your current home loan and financial situation. Here are 3 instances where it is worth it to refinance:

  • It’s worth it to refinance your current home loan if you can get a lower interest rate than what you’re currently paying.
  • It’s worth it to refinance your current home loan if you wish to shorten your loan term.
  • It’s worth it to refinance your current home loan if you need a big chunk of change to make a big purchase, tackle home improvement projects, or consolidate debt (any of which a cash-out refinance would help with).

Even lowering your mortgage interest rate by 1 percent can make a big impact on your monthly budget.


Where Can I Get Refinance Mortgage Rates Calculators?

We recommend using a mortgage calculator with taxes, HOA fees and insurance inputs to get a realistic idea of what your new refinanced mortgage loan will look like. To compare different rate calculators, you can also do a quick google search for “mortgage rate calculator.”


What Is The Adverse Market Fee?

In August 2020, Fannie Mae and Freddie Mac announced the addition of the adverse market fee to newly refinanced conventional loans. In summary, any refinanced conventional mortgage loan processed by Fannie Mae or Freddie Mac AFTER December 1, 2020, will be subject to the fee, charged by the lender in the form of a slightly higher interest rate between 0.125 percent and 0.25 percent. Given the historically low current mortgage refinance rates, many homeowners will still benefit from a refinance even with the adverse market fee attached.


I’m Ready To Refinance. What Should I Do First?

The very first thing you should do is confirm that you can in fact refinance your home loan. Check with your lender to find out if your current home loan has any refinancing restrictions, as some home loans limit how soon you can refinance. Then, verify you have enough equity in your home to qualify for a refinance. Generally, your loan-to-value (LTV) ratio must be less than 80 percent to refinance. Once these factors are determined and you’re in the clear you can begin the home loan refinancing process and take advantage of attractive refinance rates.

 



Refinancing Process Checklist


Choose Your Lender

Choose a mortgage lender that can give you great mortgage refinance rates and term options currently available. Compare mortgage refinance rates among leading lenders as well as estimated closing costs to help decide what lender suits your needs.


Gather the Necessary Paperwork

This typically includes:

  • One month of paystubs
  • Two months of bank statements
  • Two years of W-2s and federal tax returns
  • A copy of your homeowners’ insurance policy
  • A recent mortgage statement
  • A list of your current debts
  • Proof of supplemental income (if applicable)


Apply For Your Home Loan Refinance

Fill out your home refinance application and hand over all that paperwork to your new lender. Better yet, work with a digital direct mortgage lender and send all your application and paperwork right from your phone! Your lender will then perform a credit check and verify all the data from the paperwork gathered to determine the mortgage refinance rates and loan terms that are available to you.


Get a Home Appraisal

As your paperwork is being reviewed by the mortgage underwriter, your lender will schedule a home appraisal, unless you qualify for an appraisal waiver. Once this is complete and your paperwork is approved you’re ready to close!

 

Close On Your Loan

The hard work is done. Now all that’s left to do is close on your newly refinanced home loan and enjoy the benefits that come along with it!

 

 

Our digitally-driven processes give us the ability to spend less time on menial paperwork and more time fitting you for your perfect mortgage refinance rate options. Apply in just a few minutes and we'll get you from application to funding faster than expected with no hidden fees and competitive rates you’d expect from a modern mortgage company.

 

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