Get the Lowest Refinance Rate with MortgageDepot

MortgageDepot understands your desire for low mortgage payments and more cash on hand! We will help you find the best refinance program to help you reach your financial goals. If you want to lower your mortgage payments, decrease your loan term or get cash access, connect with us today!

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Refinance your mortgage

What is Refinancing?

When you refinance your home, you are replacing your current mortgage with a new one. You’ll be responsible for closing costs, which could amount to as much as 6% of the principal. Despite this up-front charge, refinancing is still a savvy financial move for many homeowners.

Reasons to Refinance

MortgageDepot has access to multiple refinance programs in Pennsylvania, and we are eager to help you reach your financial goals. We specialize in refinance programs to help our clients:

  • Achieve lower interest rates.
  • Reduce their loan terms.
  • Gain access to cash for home renovations, financial emergencies or other significant expenses.
  • Obtain a cash-out refinance to consolidate high-interest debt payments into a loan with a lower interest rate than a credit card or personal loan.
  • Eliminate private mortgage insurance required by FHA loans.

If you are thinking about refinancing your mortgage, contact MortgageDepot’s team of experts today to discuss options and eligibility.

Cash-out refinancing vs
traditional refinancing

At MortgageDepot, we understand that no two clients are alike. Some want to reduce their monthly mortgage payment, while others need immediate cash to fund their dreams. That’s why we offer a wide selection of refinancing programs to our Pennsylvania clients.

Our traditional refinancing programs replace your current mortgage with a new one, usually with a lower interest rate, shorter term or both. This strategy saves our clients thousands over the life of their loan.

Our cash-out refinancing programs replace your current mortgage with one for a larger amount than you currently owe on your home. You can then use the difference to renovate your home, pay off high-interest debt or accomplish other financial goals.

Mortgage refinance checklist

To refinance your mortgage, you’ll need to have the following documents on hand:

  • Your identity: Social security card, photo ID
  • Your income: Last three pay stubs, W-2s for two previous years
  • Your assets: Retirement accounts, investments
  • Your debts: Bank statements for two previous months, credit card and loan statements,
    child support or alimony payments, homeowners insurance, property tax bills
  • Your creditworthiness: The lender will pull your credit report,
    but you can view your score for free to make sure it’s where you expect it to be.
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