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Conventional Refinance
Lower Your Rate, Reduce Your Payment, or Tap into Your Home Equity
A Conventional Refinance allows homeowners to replace their existing mortgage with a new one, often with better terms, lower interest rates, or access to home equity. Whether you're looking to reduce monthly payments, shorten your loan term, or cash out for major expenses, refinancing with a conventional loan offers flexibility and cost-saving benefits.
Why Choose a Conventional Refinance?
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Lower Interest Rates – Reduce your monthly mortgage payment
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Cash-Out Refinance Available – Use your home equity for renovations, debt consolidation, or other expenses
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Shorten Your Loan Term – Pay off your home faster & save on interest
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No Private Mortgage Insurance (PMI) – Remove PMI if you have 20% equity
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Flexible Loan Options – Choose between fixed and adjustable-rate terms
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Step-By-Step Conventional Refinance Process
1. Review Your Current Mortgage
Assess if refinancing meets your goals
2. Apply in Minutes
Simple online application
3. Get a Home Appraisal
Determine your home’s updated value
4. Loan Approval & Closing
Lock in your new rate & finalize paperwork
5. Enjoy Your New Loan Terms
Lower payments, better terms, or cash in hand!
Advantages of a Conventional Refinance
Lower Your Monthly Payments – Reduce your mortgage rate & save
Debt Consolidation – Pay off high-interest debt using home equity
Remove PMI – Stop paying mortgage insurance with 20% home equity
Faster Loan Processing – Simplified underwriting for qualified borrowers
Cash-Out Refinance – Use home equity for major expenses
No Upfront Mortgage Insurance – Unlike FHA refinance loans
Flexible Loan Terms – Choose between 15, 20, or 30-year fixed or adjustable rates
Conventional Refinance vs. FHA Refinance – Which Is Right for You?
FEATURE
Conventional Refinance
FHA Refinance
Minimum Credit Score
620+
580+
Mortgage Insurance Required?
Not if 20% equity
Required
Cash-Out Option Available?
Yes, up to 80% LTV
Yes, up to 80% LTV
Loan Term Options
15, 20, or 30 years
15 or 30 years
Property Type
Primary, secondary, investment
Primary residence only
Debt to Income Ratio
Up to 45% (May qualify for higher with compensating factors)
Up to 56%
Why Choose Us for Your Conventional Refinance?
At Trust Lending, we help homeowners refinance with confidence, ensuring you get the best rates, terms, and benefits tailored to your financial goals.
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Personalized Refinance Solutions – Find the best rate & terms for your needs
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Expert Guidance – Navigate the refinance process with ease
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Fast & Smooth Approvals – Quick processing & hassle-free closing
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Technology-Driven Service – Secure, efficient digital experience
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20+ Years of Experience – Trusted refinance specialists
At Trust Lending, we believe buying or refinancing a home is a matter of trust—and we’re here to earn yours. With over 15 years of experience, we’ve helped countless homebuyers and homeowners secure affordable, flexible mortgage solutions tailored to their needs.
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Personalized Loan Solutions – We customize every loan to match your financial goals.
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Expert Guidance – Our experienced team walks you through every step of the process.
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Fast & Smooth Approvals – We streamline the process to get you approved quickly.
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Technology-Driven Service – We invest in the latest tools to make your experience hassle-free.
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Strict Compliance & Integrity – We follow all industry best practices, ensuring transparency and trust.
Learn More About Conventional Refinancing
What Is a Conventional Refinance?
A Conventional Refinance allows homeowners to replace their current mortgage with a new one—often to secure a lower interest rate, remove mortgage insurance, or tap into home equity. Unlike FHA and VA refinancing, conventional loans do not require government-backed insurance and offer more flexibility for different property types.
Types of Conventional Refinancing
Rate-and-Term Refinance – Lower your rate & monthly payment
Cash-Out Refinance – Convert home equity into cash for major expenses
Debt Consolidation Refinance – Use home equity to pay off high-interest debt
Shorter Loan Term Refinance – Pay off your mortgage faster & save on interest