Refinance a Home

Calculate your potential new monthly mortgage payment in seconds by using the calculator accompanying this section.

Many refinances can be completed from receipt of complete application (including all requested documents) to close in 21 days or less and some in as short as 10 days, depending on the situation.

No. The decision to refinance your home is an important one and you shouldn’t automatically assume that your original lender is the best mortgage company to work with for the refinance. Weigh your options and work with a lender that puts your needs first and is best able to help you accomplish your refinancing goals.

While it’s true that a home equity loan might be less expensive initially since it doesn’t involve closing costs, in the long run it can cost you more because the interest rate is uncapped and can rise without notice. Also, some companies can discontinue those loans without notice. A refinance might be your safest and most predictable course of action, especially since all closing costs are added to the cost of the loan. No upfront payment is required other than the cost of the appraisal, which is reimbursed to previous Ark borrowers, thanks to our Lifetime Guarantee.