Refinance Your Home
Whether it’s your first refinance or you’ve been around the block before, we’ll help you analyze loan programs so you can choose the one that’s right for you and your goals. We’re a top mortgage broker serving Pasadena, CA, Los Angeles County, and all of California.
You Want Extra Cash
Borrow against your equity and get cash for projects, to pay off debts, or anything else you need.
You Want a Lower Monthly Payment
Give yourself extra room in your budget with a lower monthly mortgage payment.
You Want a Better Rate
Get a lower interest rate and save yourself thousands of dollars on the life of your home loan.
You Want To Pay Off Your Loan Sooner
Pay off your mortgage faster by switching from a 30-year loan to a 15-year loan, for example.
How Refinancing Works
When you refinance your home, you’re simply paying off your existing mortgage with a new mortgage. You can also take cash out from home equity at the same time. Here’s how it works:
- We analyze your loan options (for free!)
- You get a selection based on your unique criteria and scenario
- We help you compare terms and interest rates
- You choose the offer that best fits your needs
WHAT TYPES OF LOANS DO YOU OFFER?
We offer a wide range of home loans for your refinance, including:
SHOULD I REFINANCE MY MORTGAGE?
Refinancing your home is a good idea if it’ll save you money or allow you to pay off your mortgage faster. It’s also a great way to consolidate high-interest debt by using a cash-out refinance to tap into your home’s equity.
WHAT ARE THE COSTS ASSOCIATED WITH REFINANCING?
Generally, you can expect to pay anywhere from 2% to 6% of your loan amount. The cost will depend on several factors such as your lender, where you live, the state of your finances, the terms, etc. Some of the typical fees include:
- Application fee
- Origination fee
- Credit report fee
- Home appraisal
- Home inspection
- Title search and insurance fee
- Recording fee
- Reconveyance fee
WHAT DO I NEED TO QUALIFY FOR A REFINANCE?
The requirements will vary depending on your lender and the terms of the loan. You might NOT qualify if you:
- Have poor credit
- Have a high debt-to-income ratio
- Have a lien on your home
- Are underwater on your mortgage (you owe more than your home is worth)
HOW LONG DOES IT TAKE TO REFINANCE?
Refinancing your home typically takes between 30 to 45 days to complete. It’s important to note, however, that any of the services provided by third parties (such as appraisals or inspections) may delay the process.
WHAT’S THE DIFFERENCE BETWEEN INTEREST RATE AND APR?
An interest rate is the percentage of your total loan balance, paid on a monthly basis, that you pay a lender in exchange for borrowing money from them.
APR (annual percentage rate) is the yearly interest rate that takes into account all of the other charges or fees of your loan (such as mortgage insurance, closing costs, and loan origination fees). APR is a tool you can use for an apples-to-apples comparison of various loans.
DO YOU OFFER RATE LOCKS?
Yes, we do! Locking in a mortgage rate can protect you from fluctuations in the market and we’re happy to do that for you.
Estimate your monthly mortgage payments to find out what selling price best fits your budget.
HOW IT WORKS
How does our home loan process work? Find out how just how easy and hassle-free it is.
Have questions? Check out our comprehensive list of FAQs and learn more about home loans.
“Accel Mortgage facilitated such a seamless transaction and secured me the best interest rate available in the market. Highly recommend!”
YOU GET A TRUSTED PARTNER
We develop lifelong relationships with our clients. Because we believe there’s more to the business than simply quoting rates.
YOU GET SMART ADVICE
We’re consultants, not pencil pushers. We think long-term to help you get the most out of your home loan.
YOU GAIN KNOWLEDGE
Learn from the best—a skilled team with over 20 years of experience in the real estate industry.