Loan Services

The RefinancING Center

About REFINANCING

Refinancing at Cornerstone Mortgage

Refinancing is a smart money management tool that can help homeowners lower their monthly mortgage payments or access cash to pay for college, make home improvements, or pay off debts.

No matter what your goal is, your Cornerstone refinancing specialist will be to help you understand your options and choose the refinancing plan that makes the most sense for you.

Refinance Options For Every Goal

Cornerstone Mortgage offers a variety of home mortgage refinancing options to help you manage your financial goals. All of our solutions are tailored to your specific situation so it always works best for you.

rate & term refinance

Refinance an existing mortgage into a new mortgage at a lower interest rate or shorter term. If rates have dropped below your current rate, it’s time to consider a rate and term refinance.

cash-out refinance

Take advantage of your home’s increase in value with a cash-out refinance. This replaces your existing mortgage with a larger loan. You get the difference in cash but still have just one mortgage payment at a new rate and term.

divorce refinance

Protect your property and your financial assets by refinancing your home after a divorce. Remove your ex’s name from the mortgage or release yourself from liability for the mortgage if they are keeping the house.

Why Cornerstone?

Trusted Advice and Guidance
to help you meet your financial goals

We get it. Mortgage refinancing can be confusing, but it can also be one of the smartest financial moves you can make, saving you money every month or freeing up cash you can use now.

Your Ally. Turn to the refinancing specialists at Cornerstone Mortgage for help finding the perfect loan. We’ll analyze your current loan terms and home value against your needs and goals to find the right refinance option at the lowest possible cost.

Get Started

Take control of your financial future with Cornerstone's refinancing solutions.

Refinancing Steps

What To Expect

We have designed our refinancing process to be simple and streamlined so you can get your new loan term faster.

Throughout the entire process your Cornerstone Mortgage refinancing specialist will be by your side, answering questions, searching for the best terms and rates, and making sure all the paperwork is in order.

Keep an Eye on Interest Rates.

If interest rates have fallen and are lower than your current rate, give us a call. Now is the time to refinance!

Meet with a Refinancing Specialist.

Complete your application online and meet with one of our refinancing specialists to discuss your goals and get things started.

Undergo a Credit Check and Get Pre-Approved.

This will help us identify the best refinancing options for your needs. Get Pre-Approved now.

Fill Out Your Paperwork.

Upon pre-approval, we will provide you with a list of all of the documentation needed for your refinancing.

Choose a Loan and Lock in Your Rate.

Once the paperwork is in order, it’s time to search for the right refinancing offer and lock in your interest rate.

Schedule an Appraisal.

You will need to have an appraisal completed on the property being refinanced.

Underwriting.

Your documents, appraisal, and application head to underwriting for final approval.

Final Discussions.

Once underwriting has been approved, we go through the terms with you one more time to verify that everything is correct and to your understanding.

Closing.

The final step in the process is signing the paperwork at closing. Then, you’re done!

Get Pre-Approved Connect With A Loan Officer

Reasons To Refinance

Decrease Monthly Mortgage Payments.

Refinancing from a higher interest rate to a lower rate can reduce the amount you pay every month and decreases the amount you pay in interest over the life of the loan.

Increase Monthly Cash Flow.

A refi that reduces your interest rate can increase your monthly cash flow because you’re spending less on interest every month. You can also reduce your monthly mortgage bill by refinancing from a 15- or 20- year loan to a 30-year loan.

Create Payment Stability.

Switching from a one-year adjustable-rate mortgage (ARM) to a fixed-rate mortgage eliminates surprise interest rate hikes that drive up your mortgage payment. You can refinance into a fixed rate that holds steady over time and possibly obtain a lower interest rate as well.

Access Home Equity.

Refinancing allows you to withdraw funds from the equity you have built up in your home. Use the money for home improvements, to consolidate debt, or pay for college.

Pay Off Your House Sooner.

Many people choose to refinance to a shorter term after they have been in their home for a while. This can keep the loan payment stable while still allowing the borrower to save tens of thousands in interest over the life of the loan.

Resources

Pricing Tools

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Have Additional Questions?

For additional questions about home buying, feel free to check out our frequently asked questions page.

Read Our FAQs

Ready to get started?

Whether you have more questions, or are ready to take the first step, contact us to start your home buying journey. We are here to support you, every step of the way.

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