Mortgage Refinance in El Paso
You can potentially save thousands of dollars when you refinance your current mortgage. Our experienced loan officers will help you find a new mortgage that better suits you. Mortgage refinancing involves taking out a new loan to pay off your original loan, which enables you to pay off your loan at a faster and less stressful pace.
Rocky Mountain Mortgage Company provides mortgage refinance services that let you take advantage of lower interest rates, cash out a portion of your equity, and reduce your monthly payments with an extended repayment term. Rocky Mountain Mortgage Company can provide you with an equity and repayment plan that best benefits you!
How to Qualify for Mortgage Refinancing
Mortgage refinancing options are strictly reserved for qualified borrowers. To qualify for home equity refinancing loans, one must be able to meet the following:
Maintain decent credit
The fewer problems in your credit history, the more trustworthy you appear. Some home loan programs will let you borrow a home loan within one or two years of bankruptcy, but it is crucial to maintain a healthy credit score. This way, you’ll look as responsible as possible to lenders.
Sufficient income
It is important to consider how much should be borrowed for a new loan based on your income. If you are unclear if your income will be sufficient, then a loan officer can help verify if your debt-to-income ratio is adequate.
Sufficient equity
In most cases, you can ask for a mortgage refinance that estimates up to an 80% loan-to-value ratio, although it may be possible to go up higher. This can make it harder to qualify for a mortgage refinance and you may have to pay mortgage insurance payments.
We Offer Different Types of Mortgage Refinanced Loans
From lowering your monthly payments to building your home’s equity, there are a variety of refinance loan programs for you to choose from here at Rocky Mountain Mortgage Company. Our available refinancing loans include the following:
Rate-and-Term Refinance Loans
This refinance program is the most popular for homeowners because it is used to pay off the original mortgage, which is then replaced with a new loan.
Fixed-Rate Refinance Mortgage Loans
This refinance program sets a monthly payment during the time of a loan. The monthly, principal, and interest payments are typically higher than a long-term loan but it also protects the borrower from increases in interest rates.
Contact Rocky Mountain Mortgage Company
Rocky Mountain Mortgage Company can guarantee that refinancing your loan will help you balance out your finances and help you repay your mortgage loan at a more efficient rate. Contact Rocky Mountain Mortgage Company to learn more about how to sign up for mortgage refinance.

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We have helped more than 20,000 El Paso families realize their dream of HOMEOWNERSHIP.
We have helped more than 20,000 El Paso families realize their dream of HOME OWNERSHIP.