Mortgage Refinance

Welcome to Reddix Lending

What is Mortgage Refinance?

Refinancing means you’re taking out a loan to pay off your existing mortgage – essentially replacing your mortgage with a newer one.

With Mortgage Refinance you can,

Your Refinance Options

Rate & Term Refinance

A rate and term refinance is a type of refinancing that allows you to change the terms of your current loan and replace them with terms that are more favorable for you. 

You get a new loan, pay off your old mortgage and then make payments toward your new loan when you refinance. 

This is a great option for homeowners who are not happy with the interest rate on their current mortgage.

Cash Out Refinance

With this refinance, you can take out equity in your home as cash, typically up to 80% of your equity. You can use this cash for any purpose, including: