Go Rascal made our first home purchase much easier! They were super responsive, and very e...
Ryan C.
Mortgage Refinancing
We’ll bring options...and a smile to your face.
A Four-Legged Approach to the Best Solution
Here’s a simple roadmap to get your home refinanced.
1
Getting Acquainted
A few questions to get us started.
For You and Your Loan
Getting your personal loan options sorted out.
2
For You and Your Loan
Getting your personal loan options sorted out.
3
Overachieving Underwriting
The perfect rate, turnaround, and parameters hand-picked just for you.
Putting the Puppy to Bed
Closing docs made simple.
4
Putting the Puppy to Bed
Closing docs made simple.
A Number of Things that Set Us Apart
Available 24/7
Ready whenever you need us
99% Applicant Approval
On it whenever you need us.
Your Mortgage. In As Few As 8 Days
Access to lenders with industry-leading turn times and competitive rates.
A Track Record 20 Years Long
You want a guide who knows every twist and turn in the road.
Refinance
Why should you refinance your mortgage with GoRascal?
Did you know mortgage refinancing can help you save a lot of money in a short period? Paying off a home mortgage plan is exhausting, especially when your expenses have increased. In this case, opting for refinancing is a go-to solution. Homebuyers may prefer refinancing to reduce the cost and interest of their payments over time. Even during the pandemic, there was a surprising all-time low in refinance interest rates, resulting in a mortgage refinancing boom in the US. Therefore, it is usually always beneficial to refinance for better rates in lesser duration.
What is mortgage refinancing?
Suppose you purchase a home at a particular cost from a lender or broker and make a certain amount of down payment. You will now pay the rest of the amount in monthly installments at a particular interest rate. However, your finances are bound to change so that you can refinance your existing loan amount.
Mortgage refinancing is the method of replacing your existing loan with a new loan at a lesser interest rate.* The basics of a home mortgage refinancing lie in the fact that you continue paying the loan like you were doing until now. The difference is that refinancing allows you to choose the mortgage on your preferred terms.
What are the benefits of home mortgage refinancing?
Refinancing replaces the debt of your old mortgage plan with a new one at a lesser cost. The benefits of refinancing a home mortgage are:
- Refinancing may offer a lesser rate of interest than your existing mortgage
- Monthly installments may be reduced*
- Decreases the duration of repayment
- It deducts the tax and allows loans against your home equity
How to refinance with the help of a mortgage broker?
When you opt for refinancing, choosing a lender is entirely your choice. Apart from selecting banks, hiring a mortgage broker is the safest and easiest way. A mortgage refinancing broker is a chord or mediator between the buyer and the lender.
A broker streamlines the process and offers the best mortgage refinancing plan according to your needs. They quickly present loan schemes of different lenders for mortgage refinancing at the best prices. Therefore, it is advisable to choose a broker if you’re not well acquainted with refinancing.
*Disclosure: please note that this does not apply to all scenarios. By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.