Rate & Term Refinance - Green River

Save Money
+ Gain Peace of Mind

It only takes a few minutes to start the refinancing process with Green River Capital Corp.

Apply Now

Speak Now With a Mortgage Expert for Free

Choose an option below to connect with our home loan specialists.

Fast Online Application

Fill out this simple online form and a loan-professional will pre-qualify you.

Give Us a Ring

A loan expert is standing by to answer all of your mortgage questions.
(866) 407-4418

Chat Online with a Mortgage Professional

Have a live chat session with a loan professional who can pre-qualify you.

Save Money + Gain Peace of Mind Through Refinance: We’ll Make Sure to Get the Right Loan for You.

We had a great experience with refinancing our home in Florida. David Rogove and his team were with us every step of the way and made the process painless. We highly recommend Green River Capital Corp and would not hesitate to use them again. - Shawn Sheeler

Save Money + Gain Peace of Mind Through Refinance: We’ll Make Sure to Get the Right Loan for You.

To “refinance” in mortgage lingo means to replace an existing mortgage with a new loan.

Homeowners do this to change their interest rates (refers to the word “rate” in “rate + term” refinance)

Or, homeowners refinance to adjust the “term” of their loan (“term” refers to the length of the mortgage).

In short, borrowers can use a “rate + term” mortgage to adjust the interest rate on their loan (saving money, usually in the long run) or adjust the term (change the length of time they are paying for, usually by a number of years).

The borrower in a “rate + term” refinance is not seeking to get cash out by refinancing, only to adjust their mortgage situation.

Rate and term refinancing never changes the amount of principal.

Why Should You Pursue and Rate + Term Refinance?

  • • If your rate is 3.7% or more, you should be looking into refinancing. There are new opportunities for you to get that number down.
  • • With a lower interest rate, you could potentially reduce monthly mortgage payments.
  • • The misleading “1%” rule—which says that if you should refinance if you can lower rates by 1% or more—isn’t always the truth. Refinancing is a great idea in many cases, but not all. It’s best to speak to a professional about your options.
  • • Sometimes, you can remove your mortgage insurance by refinancing.
  • • However, refinancing does have it’s own expense. If your potential savings justify the expense and effort of refinancing, then it’s almost always worth it to refinance. Just remember that when it comes to loans, there is no “one-size-fits-all” option— it’s always best to speak to an expert and get a professional opinion.

Before You Decide to Pursue a Rate and Term Refinance, Ask Yourself These Questions:

  • • How long will I be staying in my house?
  • • What are my overall financial goals?
  • • What’s my home equity?
  • • Is it worth the fees, time, and effort?

Contact Us Today

Give us a ring at (866) 407-4418 or Fill out an easy online application today

Contact Us Today

Give us a ring at (866) 407-4418 or Fill out an easy online application today