Refinance your mortgage with confidence.
A refinance replaces your current mortgage with a new one. Done right, it can lower your payment, shorten your term, or unlock equity for other goals.
Two main types of refinance
Rate-and-term
Change your interest rate, loan term, or both without taking cash out. Best when rates have dropped or your credit has improved.
Cash-out
Borrow more than you currently owe and receive the difference in cash. Useful for renovations, debt consolidation, or large expenses — but it raises your loan balance.
When is refinancing worth it?
- You can lower your rate by roughly 0.5%–0.75% or more.
- You plan to stay in the home long enough to recover closing costs (the break-even point).
- You want to remove mortgage insurance after building enough equity.
- You need cash for a high-return purpose and current rates are favorable.
Read more in our purchase vs refinance guide.
How Ark Beacon helps
Tell Ark Beacon your current loan balance, home value, credit range, and goal. In about 60 seconds we can qualify your file and route it to the lending partners in our network best suited to refinance scenarios like yours.
Start your refinance check
See what refinance options lending partners in our network can offer — no spam, soft credit only at this stage.
Start Your Voyage