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1Rate - 12123 Heritage Park Circle, Silver Spring, Maryland 20906 1Rate - 12123 Heritage Park Circle, Silver Spring, Maryland 20906
Refinance-1Rate

Refinance

Refinancing Your Home Loan

There are many reasons why you should refinance your mortgage. By refinancing your mortgage, you can have more money in your pocket by reducing your monthly payment or by paying off your mortgage quicker.

In some cases, people who refinance their mortgage will have the option to take advantage of their home equity to use for home improvement projects or consolidate their debt as well. There are countless reasons to refinance your mortgage, so please speak to an advisor to learn the best path for you.

Time to refinance?

Time to refinance?

We take a true consulting approach to understand your financial situation and goals and then we identify the best available options that fit you.

What you need to do to help us determine if now is the right time to refinance.

  • Be honest - don't hide information from the advisor. If you don't share, we won't know. If we don't know, we can't be accurate. Let's make the conversation meaningful.
  • Provide information - the more information and documents you provide, the more accurate we can be with our solutions.
  • Be patient - some borrower situations are more complex than others, which requires additional time for us to review your information and have multiple conversations.
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Refinancing benefits

Tap into your home equity

Tap into your home equity

Use the available equity in your home to pay for home improvement projects or pay off high-interest loans or other debt.
Lower interest rates

Lower interest rates

Your monthly mortgage payment may decrease; you may pay less interest over the life of your loan and free up cash flow you could use elsewhere.
Change your loan term

Change your loan term

Pay off your loan sooner by shortening your loan term. Or refinance to a longer-term loan to lower your monthly payments.
Combine multiple mortgages

Combine multiple mortgages

Combine a second mortgage or home equity line of credit to one primary mortgage with a lower rate.

“We had a terrific experience with 1RATE. Our refinance was complex, because it involved a HELOC secondary mortgage -- which [they] identified as the best possible option given that jumbo loans were not competitively priced. I have already recommended 1RATE to a friend, who [also] has closed on his refinance and similarly had a great experience.”

Khalil

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When you are ready to start your application, 1RATE will guide you through the process.

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