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who we are

Your Reliable Mortgage Companion

At Refi Basics, we believe mortgage refinancing should be clear, easy, and accessible. Our mission is to empower homeowners with the knowledge and resources needed to make smart refinancing decisions that align with their unique financial goals.

Our Vision
Our Mission

To simplify mortgage refinancing and empower homeowners to make smart, confident financial decisions.

To be the go-to resource for accessible, transparent, and hassle-free mortgage refinance solutions.

What is Mortgage Refinancing?

Refinancing involves paying off your current mortgage with a new loan, typically with updated terms. The new loan may offer:

Lower interest rates
Shorter or longer repayment terms
Reduced monthly payments
Access to home equity (cash-out refinance)

what we offer ?

Types of Mortgage Refinancing

Rate-and-Term Refinance

- Goal: Lower your interest rate or adjust the loan term (e.g., switching from a 30-year to a 15-year mortgage).
- Ideal for: Homeowners with improved credit or lower market rates

Cash-Out Refinance

- Goal: Borrow more than your remaining mortgage balance to access cash (e.g., for home improvements, debt consolidation, or emergencies).
- Ideal for: Tapping into home equity while refinancing.

Cash-In Refinance

- Goal: Pay a lump sum to reduce your loan balance, often to eliminate PMI (Private Mortgage Insurance) or qualify for better rates.

Streamline Refinance

- Goal: Simplify refinancing with minimal documentation (common with FHA, VA, or USDA loans).

FHA/VA Refinance

- Government-backed options to refinance existing FHA or VA loans with flexible terms.

Key Considerations Before Refinancing

01

Closing Costs

Expect fees for appraisal, origination, title search, and more (typically 2–5% of the loan amount).

Calculate the break-even point: How long it takes for monthly savings to outweigh upfront costs.

02

Loan Term

Extending your term may lower payments but increase total interest paid over time.

03

Equity Requirements

Most lenders require at least 20% equity for a conventional refinance (or 10% for FHA).

04

Credit Score Impact

Refinancing involves a hard credit inquiry, which may temporarily lower your score.

05

Prepayment Penalties

Check if your current loan penalizes early payoff.

Testimonial

what they say about us ?

Jessica M. Client

Refi Basics made refinancing so simple and stress-free! They walked me through every step and helped me secure a much lower rate. I’m saving hundreds each month—highly recommend!"

Mark D. Client

"I was overwhelmed by the thought of refinancing, but Refi Basics explained everything clearly and helped me find the best option for my situation. The process was fast, easy, and saved me a ton!"

Rachel S. Client

"Thanks to Refi Basics, I was able to consolidate my debt and lower my monthly payments. Their team is knowledgeable, professional, and genuinely cares about helping you make the right choice."

Andrew T. Client

"Refi Basics took the guesswork out of refinancing. They answered all my questions and found me a much better loan than I thought possible. Great experience from start to finish!"