Refinance

Unisource Mortgage Services, Inc.

One of the numerous advantages to consider refinancing your mortgage with Unisource Mortgage Services is to take advantage of today's low bank refinancing rates. Many smart consumers consider refinancing their house loan to cut monthly payments, consolidate debt into a single loan, or even save money on interest over time. Whatever the case may be, we're here to assist you in determining the best ways to save money both now and in the future.

Types of Refinancing Loans

Rate and Term Refinance - changes the interest rate or term of a homeowner's loan. It can also change both.


VA Interest Rate Reduction Loan (IRRRL) - is a streamline refinance (the VA's equivalent of a rate-and-term refinance) that allows homeowners to adjust the mortgage rate, loan duration, or both on their existing loan.


Cash-Out Refinance - allows you to pull out cash using the equity in your home.


Home Equity Line of Credit (HELOC) - a revolving line of credit secured by your house that you can use to cover major expenses or to consolidate debt from other loans with a higher interest rate.

Benefits Of FHA Loans

  • Low Rates
  • Shorten The Term Of Your Loan
  • Lower Your Monthly Payments
  • Consolidate Debts
  • Cancel Mortgage Insurance

Frequently Asked Questions

  • Do you get money back when refinancing your mortgage?

    Getting cash back from your home's equity through a refinance with a cash-out mortgage can be utilized for anything from home upgrades to paying for college. As an example, if your home is worth $250,000 and you owe $150,000 on the mortgage, your equity is $100,000.

  • What does refinancing a mortgage mean?

    Your previous mortgage is replaced by a new one with new terms when you refinance. Calculated by dividing your outstanding mortgage balance and any other debt secured by your home's current worth by the loan-to-value ratio, your lender will determine if you are eligible.

  • Do you lose equity when you refinance?

    Yes, if you use a portion of your loan amount to pay closing costs, you can lose equity when refinancing. However, you will regain equity when the loan balance is paid off and the value of your home grows.

  • Does refinancing mean starting over?

    When you refinance, you're effectively starting over because you're taking out a new loan with new terms. However, there is no requirement that you must choose the same terms as your original loan, so it may be possible to go with a shorter term period.

Use our online application to quickly get prequalified for your loan.