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What Does It Mean to Refinance Your Home?
Refinancing your home is replacing your existing mortgage with a new one that has better terms such as a lower interest rate, principal amount, or loan term.
Why Refinance Your Home?
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Lower your monthly mortgage payment
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Shorten the length of your loan term
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Cash-out equity
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Consolidate debt into your mortgage
Are You Eligible to Refinance Your Home?
Determining your eligibility to refinance your home is similar to going through the mortgage process. Stonegate Mortgage will review the following:​
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Credit score
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Income
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Current value of the property
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The amount of money you want to borrow

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