There are several reasons to consider refinancing. The most common is getting a lower rate than what you currently have. But it would be best to consider refinancing for several other reasons, like eliminating mortgage insurance, moving from ARM to a fixed-rate mortgage, lowering the term of your loan, getting a cash-out, and lowering the monthly payment. Our team will guide you if refinancing makes sense to you.

Shopping for mortgage rates is more than just looking for the lowest rates online or talking to mortgage companies that cold-call you. Please avoid those companies since sometimes they may bait and switch you. First, you should make sure a high customer rating for the company you intend to work with. Check their online reviews or check with your friends if they have worked with that lender.

No, you do not need to work with your current lender. Even if another lender is currently servicing your mortgage, InstaMortgage can help you refinance with very competitive rates, award-winning expertise, and legendary customer service.

While this is real, make sure you understand how the loan is structured. Are all your closing costs just added to your loan amount, or is the lender actually giving you credit to cover the costs? That is not to say the former is something you shouldn't consider. But ask your loan officer to explain all the options so you can make an informed decision that's best for you.