Exploring Your Refinance Options

After you’ve established your refinancing goal, it’s time to decide which type of loan can help you get there, whether it’s to help lower your payment, get cash back or change your loan term. Compare all home loan options.

Loan Type

Your refinancing options will likely be determined by a combination of factors such as what type of refinance you want to do, the remaining principal balance on your loan as compared to the value of your house (aka ‘loan-to-value ratio’), your credit score and/or current interest rates. See our current mortgage rates. Another factor that can determine your refinancing options is the type of home loan you currently have (i.e., Conventional, FHA, VA). In some cases, there are special home refinancing programs that may be available to homeowners who already have an existing loan in one of these categories. Select your current loan type to view your refinancing options:

Conventional

• Rate reduction refinance – Lower your interest rate, shorten your loan term, get rid of expensive PMI or refinance from an adjustable rate mortgage to a fixed rate mortgage.
• Cash back refinance – Get the cash you need for any purpose, such as renovating your home, paying off other debts such as credit cards, or eliminate a risky Home Equity Line of Credit (HELOC).

FHA

• FHA Streamline refinance – A special refinance program available only to homeowners with an existing FHA Loan that allows you to lower your interest rate or shorten your loan term without an appraisal and without having to meet other traditional underwriting guidelines (special conditions apply).
• Cash back refinance - Get the cash you need for any purpose, such as renovating your home, paying off other debts such as credit cards, or eliminating a risky Home Equity Line of Credit (HELOC).

VA

• VA streamline refinance (IRRRL) – This special refinance program, also called an Interest Rate Reduction Refinance Loan (IRRRL) is available only to military Veterans with an existing VA Loan, which allows you to lower your interest rate or shorten your loan term without an appraisal and without having to meet other traditional underwriting guidelines (special VA eligibility conditions apply).
• VA cash back refinance - Get the cash you need for any purpose, such as renovating your home, paying off other debts such as credit cards, or eliminating a risky Home Equity Line of Credit (HELOC) (special VA eligibility conditions apply).

USDA

• Rate reduction refinance – Lower your interest rate, shorten your loan term or refinance from an adjustable rate mortgage to a fixed rate mortgage (special USDA eligibility conditions apply).
• Cash back refinance - Get the cash you need for any purpose, such as renovating your home, paying off other debts such as credit cards, or eliminating a risky Home Equity Line of Credit (HELOC).

Jumbo

• Rate reduction refinance – Lower your interest rate, shorten your loan term or refinance from an adjustable rate mortgage to a fixed rate mortgage.
• Cash back refinance - Get the cash you need for any purpose, such as renovating your home, paying off other debts such as credit cards, or eliminating a risky Home Equity Line of Credit (HELOC).

Reverse (HECM)

• Reverse (HECM) – A Reverse Mortgage, or Home Equity Conversion Mortgage (HECM) allows homeowners 62 years and older (or within 6 months of your 62nd birthday), to convert part of the equity in your home into cash. First pay off your existing mortgage (if you have one) and use the remaining proceeds however you like.

Types of Mortgage Rates

At Nutter, we offer a variety of mortgage programs to suit every borrowers specific needs. When choosing which type of home refinance is best for you, one of the most important features to consider is the type of interest rate that will be used - a fixed rate or an adjustable rate.

• Fixed Rate: Just as it implies, a fixed rate will stay the same for the life of your loan, which means your month-to-month mortgage payment will be consistent. Available for loan terms of either 10, 15, 20, or 30 years.
• Adjustable Rate Mortgage (ARM): interest rates that remain the same for an initial period of either 1, 3, 5, 7 or 10 years; then “adjusts” each year thereafter based on market conditions.

View today’s mortgage rates and try our easy-to-use Refinance Calculator to see how much you could save by refinancing with Nutter.

The Benefits of Getting a Loan from Nutter Home Loans

• We are one of the largest privately owned mortgage banking firms in the country.
• Dedicated to borrowers nationwide since 1951. We’re licensed in all 50 states.
• We have an A+ rating with the Better Business Bureau and believe in “If it’s not good for the customer, it’s not good for us.”
• Our quick and easy online application process leaves you with less paperwork and more time for everything else. Plus, you can manage your mortgage online through our Customer Portal.
• We offer some of the most competitive rates, including No Closing Cost Loan options - saving you money now, and in the future.
• Our team of Home Loan Experts (non-commissioned, too!) are available via chat, email and phone to help you understand the details and if home refinancing is right for you.
• We pride ourselves on having the best customer service in the industry – even after you close.

Sound a little complicated? Well, you’ve come to the right place.

Since 1951, we’ve helped people save hundreds, or even thousands of dollars a month, when they purchase or refinance their mortgage with Nutter.

Call 1-800-875-7334, send us an email or chat with us online and our team of non-commissioned Loan Officers will answer all your questions.