Refinance - Meridian Home Mortgage

Refinance

/Refinance
Refinance2018-09-18T10:44:18+00:00

Refinance

A lot changes over the years you own a home. A refinance allows you to pick a new loan that fits your needs today.

How it Works

A refinance pays off your existing mortgage and allows you to choose a new monthly payment, loan program, and term that best serves you today.

What Are My Options

Typically, homeowners choose between cash-out and basic refinances. Which option addresses your needs?

Cash-Out Refinance

Get a new loan with a new rate and term that allows you to take out some of your home’s equity.

  • Pay off your credit card debt and/or Home Equity Line of Credit (HELOC)
  • Consolidate your monthly bills into one low payment
  • Fund home improvements, college tuition, or anything you need
  • Create an emergency savings account for you and your family

Basic Refinance

Get a new loan with an updated rate and term. This changes your monthly payment and payoff date.

  • Lower your monthly mortgage payments by adjusting your rate and term
  • OR Pay your loan off faster by decreasing your term and increasing your payments

The Loan Process

Our home financing method has helped us close over a billion dollars' worth of home loans.

1

FILL OUT A QUICK FORM

A loan officer provides custom rates, terms, and payments to choose from.

2

SUBMIT DOCUMENTS

Send in your application with a few tax and insurance docs.

3

APPRAISE
HOME

We schedule and pay for your home appraisal upfront.*

4

LOCK-IN YOUR RATE

We finalize your loan and submit to underwriting.

5

CLOSE YOUR LOAN

Review and sign the final paperwork. Loan funded!

*Meridian Home Mortgage Corporation will pay for an initial home appraisal once pre-qualified refinance customers submit a complete loan application in accordance with our procedures if your loan does not close. Offer excludes Home Purchase applicants. Offer is limited to refinance applicants who obtain a loan from Meridian Home Mortgage Corporation.

*Meridian Home Mortgage Corporation will pay for an initial home appraisal once pre-qualified refinance customers submit a complete loan application in accordance with our procedures if your loan does not close. Offer excludes Home Purchase applicants. Offer is limited to refinance applicants who obtain a loan from Meridian Home Mortgage Corporation.

Explore the Loan Types

Conventional
Loan

VA
Loan

VA
Streamline
Loan

FHA
Loan

FHA
Streamline
Loan

Jumbo
Loan

COMPARE LOANS YOU MAY QUALIFY FOR
Get Options
and Rates

Do you know your refinance goals? Weigh your refinance options with an expert. Our loan officers have gone through hours of education and training to be a licensed advisor in your state.

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