Refinance your home in just a few weeks. Get cash out, lower your rate, or eliminate mortgage insurance. We’re here to help you secure the best mortgage refinance program for your unique situation.
EASY APPROVAL
Drop us your details online or give us a call, and get a rock solid pre-approval right away. With your mortgage refinance rate locked in, you’re ready to save.
ON-CALL EXPERTISE
We believe that you deserve not only low rates and convenience, but also personal service. You’ll team up with a local Loan Officer with 20 years of refinancing experience on average. They’ll help you navigate the process and assess your options.
CLOSE COMMUNICATION
No more waiting for answers. Your dedicated Loan Officer will stay connected with you every step of the way. Application through closing.
SHARE DETAILS
Fill in your refinance loan application in the way that works best for you. Call or click to get started. You’ll have an expert that knows the local market, and will make sure your questions are answered and your application is on track.
GET APPROVED
Lock in your new mortgage loan. Get set with a rate that puts on you on the path to savings.
CLOSE YOUR LOAN
Signing your closing paperwork is a big moment. When the day comes, we’ll send a representative to your home to walk you through it all.
How We Work
We built Upwell as a springboard for opportunity – to help homeowners like you achieve their dreams. The lending industry today is split between two extremes, leaving many of homebuyers’ needs unmet. A growing number of tech-centric lenders offer efficient processes and low rates, but not reliable, local expertise to guide decision-making. And the mortgage companies with helpful, experienced agents? They have higher rates. Upwell brings together the best of both. We connect you with seasoned experts who know the ins and outs of your market, along with competitive rates and the convenience of technology. No need to compromise.
How are we able to take this approach? We made the decision to put homebuyers’ interests above all else. We’re creating a better balance in mortgage lending by looking out for you first. To us, it’s meaningful work, it’s good business, and it’s time you had another option.
Frequently Asked Questions
Answers to common questions about mortgage refinance.
There’s more to consider than just getting a lower mortgage rate. You should also weigh how long you plan to stay in your home. Use our refinance break even calculator, to determine the number of months to break-even if you refinance the loan.
People typically start thinking about a refinance when they notice mortgage rates falling below their current loan rate. But there are some other good reasons for refinancing your home loan:
- If you’re looking to pay off the loan quicker with a shorter term.
- You currently pay private mortgage insurance (PMI) and now you’ve gained enough equity in your home to refinance without the mortgage insurance.
- You’re looking to utilize your home equity with a cash-out refinance.
Cash-out mortgage refinancing is a way to both refinance your home mortgage and borrow money at the same time. It allows you to borrow more than your current loan, typically up to 80 percent of your home value, and receive cash (cash-out) for the amount that is higher than your current loan balance. To qualify for a cash-out refinance, you’ll generally need to get your home appraised.
Refinancing costs with lenders vary and typically include underwriting, appraisal fees, title fees, credit report, processing, doc prep, funding, wire transfer, and origination fees, and average between 2% to 5% of the loan amount.
Using Upwell Mortgage, you only pay an Admin Fee ($1,395) and appraisal fee (typically $675 if one is required) so you always know exactly what to expect. If you have enough equity in your home, the fees can even be included in your new loan. And in many cases, your closing costs can be paid for by us.
Refinancing your existing mortgage can provide many benefits, including a lower interest rate, shorter repayment term, and more manageable monthly payments. Calculate your potential refinance break-even point using our Refinance calculator.
With many lenders, mortgage refinance transactions can take 45 to 60 days based on the complexity of the loan. Using our streamlined process, you can refinance your home in as quickly as 15 – 21 days. A dedicated Loan Officer will stay connected with you every step of the way.
Typical documentation needed for a mortgage refinance transaction includes: proof of income (W-2’s, current tax returns), homeowners insurance verification, credit information, your monthly debt amounts, total assets, and an appraisal.
