Refinancing: Cash Outs, Rate and Term

Tap into your equity or lower your rate to better fit your financial goals.

Refinancing gives homeowners the opportunity to update their mortgage to better match their financial goals. Whether you want to lower your interest rate, change your loan term, or take cash out from your home’s equity, there is a refinancing option that fits. Refinancing can improve monthly cash flow, eliminate debt, or help you pay off your loan faster.

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Refinances Are Good For:

Refinancing is a great option for homeowners looking to lower their monthly payments, adjust their loan term, or access equity for renovations or major expenses. It also benefits those consolidating debt or switching from FHA or VA loans to remove mortgage insurance.

Refinance Details

Cash Out Refinancing +

Cash Out refinances give you the ability to borrow more than you owe on your current loan and take the difference as cash. This is often used for home improvements, debt consolidation, or major expenses. Most lenders require you to maintain at least 20 percent equity in your home after the refinance.

Rate-and-Term Refinancing +

This option allows you to lower your interest rate, switch from an adjustable to a fixed rate loan, or change your loan term. Reducing your rate can decrease your monthly payment, while shortening your term can help you pay off your home faster and save on total interest paid.

Cost and Considerations +

Refinancing typically includes closing costs, which may be rolled into the new loan. Your credit score, home equity, and current interest rate all play a role in what options are available. A loan officer can help you evaluate whether refinancing makes financial sense based on your goals.

Choosing the Right Fit +

The right refinance option depends on what you want to achieve. Whether you are focused on monthly savings, equity access, or paying your loan off sooner, we can help you compare the possibilities and make an informed decision.

Not the Loan You Were Looking For?

Secure Your Refinance at One of Our Branches

Refinancing can be a smart way to improve your financial future. Whether you are exploring a Rate and Term refinance or a Cash Out option, our loan officers are here to guide you through the process. Let’s talk about your goals and see how refinancing could help you reach them.

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Hear From People Who Loved Working With Us

Our clients come first, with communication and transparency as our goal, we make sure you never miss a beat. See what our customers are saying about their Fidelity Direct Mortgage home buying experience.

John Esposito

Communicated clearly and efficiently throughout the entire process. Always available to answer any questions that we had.

Mar/22/2022

Ilham Had

It couldn’t be any better! Thank you.

Mar/22/2022

Vivek Shah

Mr. Sharif made the process very smooth. He explained me the whole process very well. My closing was after 2 months and the interest rates were going up and the sharif guided me to lock the lower rates for two months. Other lenders were not ready to …

Mar/22/2022

Mereena Ceril

It was easy and pleasant to work with Rohit.

Mar/22/2022

Harold Edwin Gaines

They were very professional and made themselves available during our home search. they made the process go smoothly.

Mar/22/2022

Mallikarjun Rao Banda

Rohit Saraogi and Jessica Mastriano have provided exceptional service!

Mar/22/2022

Cecelia LaPoint

Jeff and Kelly kept me up to date on everything throughout the whole process. Answered any questions right away. They were a pleasure to work with.

Mar/21/2022

Elizabeth Barrett Morales

Zephan is the BEST. We had many false starts leading up to our mortgage journey. Zephan patiently waited for us and kept us informed about the market along the way. We know our file was frustrating, but Zeph never made us feel like anything but va…

Mar/21/2022

Giuseppe Castronovo

Zephan put up with my shit for 2 years and about 36 failed contracts

Mar/21/2022

Brian Imbriale

Made it very comfortable and easy to work with

Mar/21/2022

Erik Anderson

Valentina did an amazing job at breaking down the tasks associated with our home buying experience. At each step she walked us through the importance, clearly identified what was expected, and provided additional advisement when there was confusion. …

Mar/21/2022

Satya Putta

Sharif and his team Ana, has been pleasant to work with. He was detailed and competitive in the offering, quick at responding to our needs of getting a pre-approval letter, as we made an offer, and quick at finalizing details to meet the closing date…

Mar/21/2022

Jordan Price

Greg was extremely responsive and answered all my questions.

Mar/20/2022

SVETLANA SYPEN

Great service

Mar/20/2022

John Risitano III

Zephan is very knowledgeable and he knows what he’s doing. He made my whole experience very pleasant, and very stress free. I will recommend Zephan to everyone I know.

Mar/19/2022

Frank A Luna JR

Team was knowledgeable and responsive.

Mar/19/2022

Daniel Rannekleiv

Justin himself was very helpful through a difficult process

Mar/19/2022

Jorge I Pabon

The customer service and follow up was standing

Mar/19/2022

Marta Mroczkowska

His professionalism and understanding of our needs.