Mortgage Refinancing

Lower your rate or access your home equity

Refinancing your mortgage can be a smart financial move—whether you want to reduce your monthly payment, shorten your loan term, or tap into your home’s equity. At CTC Mortgage, we offer refinance programs for homeowners in Florida, Georgia, North Carolina, and South Carolina, with options tailored to fit your goals.

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Why Refinance Your Mortgage

Opportunities to save or access cash

Homeowners choose to refinance for many reasons—lowering interest rates, reducing monthly payments, or moving from a 30-year to a 15-year term to pay off the mortgage faster. Some refinance to remove private mortgage insurance, switch from an adjustable-rate to a fixed-rate loan, or take cash out for major expenses. Whatever your reason, we’ll help you compare your options and understand the benefits of each.

Refinance Programs Available

Options designed for different financial goals

Cash-Out Refinance

Refinance for more than you owe and receive the difference in cash to use for home improvements, debt consolidation, or other needs.

Streamline Refinance

FHA Streamline and VA IRRRL programs offer a simplified process with reduced documentation for eligible borrowers.

Home Equity Line of Credit (HELOC)

Access your home’s equity through a flexible credit line while keeping your existing mortgage.

Rate-and-Term Refinance

Replace your current loan with one offering a lower interest rate or a shorter term without taking cash out.

Support from Start to Finish

The Refinance Process

We begin by discussing your goals and reviewing your current mortgage details. From there, we’ll look at current market rates and show you your potential savings or equity access. Once you decide on the best program, we handle the application, appraisal, and underwriting—moving you toward a closing where your new loan pays off the old one.

Is Now the Right Time?

Deciding when to refinance depends on factors like current interest rates, how long you plan to stay in your home, and whether your credit profile has improved. We can help you evaluate your break-even point and determine if refinancing now would be beneficial. The right timing can mean long-term savings or new opportunities to use your home’s equity.

Why Borrowers Choose CTC Mortgage

We take time to understand each homeowner’s needs and match them with refinance solutions that align with their financial goals. Our process is designed to keep things moving efficiently and to keep you informed every step of the way. Whether you’re lowering your rate, shortening your term, or taking cash out, our goal is to make the process as straightforward as possible.

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Mortgage Refinance FAQs

Common questions from homeowners

  • How do I know if refinancing will save me money?

    The best way to determine your savings is to compare your current loan’s rate, term, and payment with a new refinance offer. You should also consider closing costs and how long you plan to keep the new loan. If the monthly savings or financial benefits outweigh the costs before you plan to sell or move, refinancing could be a good decision.

  • What’s the difference between a rate-and-term refinance and a cash-out refinance?

    A rate-and-term refinance replaces your existing mortgage with a new one that has a better interest rate or a different repayment term, without increasing your loan balance. A cash-out refinance increases your loan amount so you can receive the difference in cash, which can be used for renovations, debt repayment, or other expenses.

  • Can I refinance if my credit has improved since I bought my home?

    Yes, an improved credit score may qualify you for a better interest rate or loan terms compared to when you first purchased your home. Refinancing in this situation could help you lower your monthly payment, shorten your loan term, or both. We can review your credit and show you the options available to you now.

  • How long does the refinance process take?

    The refinance process typically takes 30 to 45 days, depending on the loan type, appraisal requirements, and how quickly you provide the requested documentation. Since you already own the property, refinancing is often faster and more streamlined than a purchase transaction.

  • Do I have to get an appraisal to refinance?

    In many cases, yes, but there are exceptions—especially with streamline refinance programs like FHA Streamline or VA IRRRL, which may not require a full appraisal. Whether you need one will depend on the type of refinance and the lender’s requirements. We’ll let you know early in the process if an appraisal will be necessary.