Refinancing
Let's light your path to financial stability.
As a homeowner, you likely already know all of the ins and outs of your mortgage. Between monthly payments, escrow, insurance, and more, there are a lot of numbers flying around. But did you know that by refinancing your home, you could actually be saving money in the long run? Let Luminate Home Loans guide you through the process and see if refinancing is right for you.
How Refinancing Your Home Can Help
If you’ve owned your home for a few years and have equity on the mortgage, you’re in good shape to refinance. Why? Because when you have equity—which is the value of your home minus what you owe on the house—you can use that to shuffle around your finances to better suit your needs. Here are just a few ways refinancing your home can help.
Lower your interest rate.
Did you purchase your home at a higher interest rate? If interest rates are lower now, you may be able to refinance and lower how much you owe over the long term. You could save thousands of dollars with a lower interest rate!
Cash-out for home improvements.
Has your roof been needing repairs? Or maybe you’ve been wanting to save up funds to put in a deck? No matter the project, refinancing can allow you to take out cash from your equity and use it for various home improvements.
Shorten the length of your mortgage.
If you purchased your home with a 30-year mortgage, that’s okay and completely normal! But refinancing your home with its equity can sometimes shorten the length of time it will take to pay off your home and save you money in the long run.
Consolidate your debt.
Student loans? Credit cards? Car payments? If any or all of these sound familiar, you’ll be excited to know that you may be able to consolidate that debt into your mortgage, paying less in interest, and making your monthly payments much easier to manage.
See if Refinancing is Right for You
As we’ve highlighted above, there are a lot of benefits to refinancing your home. If you’re asking yourself questions like, “Is now the right time to refinance?”, “When should I refinance my home?”, or “Will refinancing save me money?” it may be time to talk to one of our loan officers here at Luminate.
Our mission is to help people just like you. We want to help you unlock your home’s full potential through finances, so that means we will work to find the best refinancing options that fit you.
Still unsure what options will work for you?
That’s okay—because our team is here to help guide you every step of the way. We don’t want you to feel left out in the dark, but instead to have complete clarity and transparency throughout your entire loan process.
Here at Luminate Home Loans, we truly believe in our mission and core values. We focus on people like you because we understand that character does count. We stay humble and work hard so that the lending process stays approachable and transparent every step of the way.
Your new home is waiting. Let's get you in there.
Luminate Home Loans, Inc. a wholly owned subsidiary of Luminate Bank
NOTICE TO TEXAS CONSMERS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”