Let's Refinance Your Home Loan

Your home loan is a big part of your life. So, when your needs in life change, we believe your loan should have the ability to adapt as well. As your trusted advisors, we'll spend time getting to know your current situation and financial goals. Our competitive rates, one-on-one customer experience, and portfolio of innovative products will make the path to your mortgage refinance quick and painless.

Start re-building your loan

Here's what refinancing can do for you:

Get cash from your home loan

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Reduce your monthly payments

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Change your term and lower the amount you pay in interest

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How to get cash from your home loan

A cash-out refi allows you to access a portion of your home's equity and turn it into cash. While it's true that you can use the cash for whatever you like, the smart decision is to pay off high-interest debt (including credit cards and student loans), or make improvements on your home to increase its value.

Take this situation, for example:

Home Value

$250,000

Mortgage Balance

$150,000

Your New Loan Total

$200,000

Eligible Cash for You

$50,000

(@ 80% LTV)

Please note:  All loans are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.

Eliminate PMI and lower your monthly payments

Think back to when you built your loan and bought your home.  If your down payment was less than 20% of the purchase price, you are most likely paying private mortgage insurance (PMI) on top of your monthly payment.  The great news is that home values are on the rise, and when you refinance with our low rates, you might be able to eliminate PMI and lower your overall monthly payment.

Take this situation, for example:

Loan Amount

$400,000

Original/Current Home Equity

96% LTV/80% LTV

Refi Amount

$357,286

Monthly Savings

$450

Please note:  All loans are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.

Change your term and lower the amount you pay in interest

As your trusted advisors, we want to make sure you're getting the most from your home loan, even if that means a bit less for us.  If you refinance with one of our lower rate loans, you could possibly shorten the length of your loan term and might pay less interest overall.  Imagine owning your home free and clear! With New Penn Financial, it might be sooner than you think.

Take this situation, for example:

Current Loan Amount

$250,000 @ 5.25% for 30 years

New Loan Amount

$250,000 @ 5.25% for 15 years

Interest Savings

$89,395

Please note:  All loans are subject to credit, underwriting and property approval. Programs, rates, terms and conditions are subject to change without notice. Other restrictions apply.

About our portfolio of products

Innovative

The housing market is a living thing. It's constantly changing due to economic conditions across the nation. Therefore, our broad portfolio of innovative products adapts to the rise and fall of the market in order to address our customers' real-life needs

Flexible

We believe there's more to you than your credit score, tax returns, and bank statements. That's why we look beyond those things to create flexible home loan options that help more customers achieve the American dream of homeownership