Refinance

Refinance

If you are in search of competitive mortgage refinance rates, We Are Not The Banks is the direct lender you are looking for. We can work with you to refinance your mortgage so that you can enjoy a lower interest rate and favorable terms which suit your needs.

By working closely with you, we will help to create a plan for refinancing your home loan that meets your individual needs—whether you need just a bit of flexibility on monthly payments, or a solution that will allow you to complete those home renovations you’ve been putting off for too long.

Benefits of Mortgage Refinance

  • Lower the interest rate you are paying. This is the main benefit of mortgage refinancing. We Are Not The Banks can help you lock in a more suitable interest rate, which allows you to save money every month.
  • Change the format of your mortgage if you prefer to switch.
  • Adjust the term of your loan. If you need to increase or decrease the term of your loan, a mortgage refinance can help you do that.
  • Make other changes to your loan terms. If you signed a loan with unfavorable terms (perhaps because at the time your credit rating was low, for example), you may be able to use a mortgage refinance to switch over to more favorable terms today.
  • Consolidate. Another way that mortgage refinancing can save you money is if you have more than one mortgage and you consolidate them. That can reduce your overall interest while simplifying your finances.
  • Remove your PMI. If PMI was a requirement with your original loan, refinancing into a conventional loan now may allow you to remove it.
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