Refinancing Your Conventional Loan
In Arizona Could Not Be Easier
Get Your Pre-Approval Process Started!
The Metzdorf Team | USA Mortgage | 50 W Vaughn Ave, Ste 205, Gilbert, AZ 85234
WHY ARE YOU REFINANCING?
It’s time your mortgage worked for you. One of our Mortgage Loan Originators can get you started.
Access your Equity
Need a new deck out back? How about that bathroom? The one you’ve been talking about putting in the basement… for years? You’ve invested in your house, and now that investment can work for you. Refinance and use that cash.
Bring Down Those Payments
You’d be surprised how big a difference refinancing could make. A percentage or a point could make all the difference in getting closer to something you’ve been saving or planning for. Or, maybe, you just want to pay less. And who doesn’t want that?*
Shorten That Loan
Maybe you’d like to pay your mortgage off sooner (and have that money for something else later). Not only can refinancing get you out of your loan faster, but it can help you pay less interest. This really is a case where less is more!
HOW DO I GET STARTED?
Simple: we find the right loan for you.
Want to know one way we make it enjoyable? We keep it simple, with a small number of steps to meet your refinance goal. Get a look into how we do it with this short video, “The Ultimate Refinance Guide.”
Here we go, the first step. It starts with completing an application, either online or with the assistance of a loan officer. After that, your friendly neighborhood officer will help you determine which program
Now the Mortgage Loan Originator begins to work on the best options and terms, then provides you with an estimate.
We will coordinate with a professional real estate appraiser to establish your home value. In many cases you may qualify for an *"appraisal waiver" which saves you hundreds of dollars. *Subject to Underwriting approval.
At this point, the underwriter will review all the documentation. If it meets the minimum requirements, they’ll issue a “conditional approval.”
And here we are… with final sign-off, you’re clear to close. We’ll get the paperwork ready for you to sign, then we’ll move the money to the title or escrow company to pay off your current loan and fund the new home loan. High-fives all around!
FEATURED LOAN PROGRAMS
What type of refinance loans are available?
Conventional Loans are the most common mortgage type you’ll come across and often the usual starting point for many when shopping for a mortgage loan, because they’re exactly what they sound like: conventional.
USDA Home Loans
Okay, so maybe you’re wondering, “Exactly what do the USDA and home loans have to do with each other?” It’s a fair question, to be sure. In fact, USDA (or U.S. Department of Agriculture) loans are part of the Rural Development program and they offer mortgages for rural homebuyers. Although there may possibly be financed closing costs, USDA Home Loans offer reduced monthly mortgage insurance premiums. Also, condos may be eligible for financing – properties just need to be in a USDA-approved area.
First things first: an FHA Loan is a mortgage that is insured by the FHA (or Federal Housing Administration). FHA Loans have no income limits. If the property is a condominium, it must be on the FHA-approved list. If your current mortgage is an FHA loan, you may be eligible for am FHA Streamline Refinance which requires limited borrower credit documentation and underwriting.
VA (Veterans Affairs) Loans
Created in 1944 to help veterans after World War II, VA (Veterans Affairs) Loans are expressly for current and veteran service members – and eligible spouses – looking to refinance a home. VA Loans have competitive interest rates (loan applicants must meet VA eligibility, however.) If your current mortgage is an VA loan, you may be eligible for am VA Streamline Refinance which requires limited borrower credit documentation and underwriting.
Just like any other type of mortgage, though the applicant must be 62 years or older, own the property, and occupy it as their primary residence. One nice bonus? You don’t have to make a payment until the last surviving homeowner permanently moves out of the property or passes away. At that point, any remaining equity will be inherited by the estate.
For homes exceeding the value of Conventional Loans as established by the FHFA (consult withy our loan originator to define maximum loan values). Predominantly used to finance homes in highly competitive real estate markets or luxury homes, Jumbo Loans are usually available with a fixed interest rate or an adjustable rate.
I was seriously blown away by the efficient and streamlined process you employ. The app made it SO easy to stay informed and provide info when needed. But most of all the communication and support received by every single person on the team was genuine and more than I could have hoped for.
Jessie R R.
The Metzdorf Team are with you every step and is available when you have questions. They made this a smooth and efficient process.
The Metzdorf Team was fantastic. Hoops were thrown in left and right by previous employer VOE and appraisals but they stayed on top of everything and over-communicated with us to ensure we were always in the loop. 10/10!!!
Possibility starts here.
Get approved for your refinance.
The Metzdorf Team has been in the Top 1% of Mortgage Originators in America since 2017 and is TRIED, TRUE and TRUSTED. This team is known for their drive to go above and beyond for all parties involved in the loan process.
When working with this team you can expect clear communication as they walk with you hand in hand towards the dream of homeownership. They excel at educating their clients throughout the transaction and work tirelessly to help all they encounter build wealth through Real Estate.