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Refinance

Refinance Your Home with Dash Home Loans

Dash Home Loans refinances existing home loans so you can improve your finances. We’ll help you refinance your home to:

✔️ Lower your monthly mortgage payment

✔️ Get a better interest rate (or switch from a variable to fixed-rate mortgage)

✔️ Transform your home equity into cash for other needs, such as debt repayment or home renovation projects

Your Home Refinance Options

Home refinancing options are similar to new home loan options. You can choose from various types of mortgages for your refinancing including:

  • Fixed-rate mortgage for 15 or 30 years
  • Adjustable-rate mortgages (ARMs)
  • Cash-out refinancing, including FHA cash-out refinancing and VA cash-out refinancing
  • FHA streamline refinancing
  • Interest-rate reduction refinance loans

You can use each of these home refinance options for different purposes, such as reducing your interest, lowering your mortgage interest rate, or getting funds for other projects. 

Whether you need to refinance a home loan in Raleigh, NC or are considering a mortgage refinance in Charlotte, NC, Dash has a variety of options that will help you get the results you need. In addition to our popular urban refinancing options, we also offer refinancing tailored to rural areas of North and South Carolina.

If you’re not sure what type of refinancing is right for you, get in touch with us. Our Dash Mortgage Coaches can walk you through the process of refinancing your home, including evaluating your needs and goals so they can match you with the best option for your situation.

Refinancing Your Home: The Process with Dash

Home loan refinancing can be almost as complicated as applying for a new home loan. In fact, the typical refinance home process is essentially helping you get a new mortgage to replace the mortgage you’re working with now, meaning you often have to follow similar application and financial documentation processes.

Dash is a different kind of refinance lender that uses a simpler process to make your home loan refinancing journey faster and easier. With Dash, you’ll go through just four simple steps.

  1. You will fill out an application complete with information on your home, assets, income, and a personal password so you can log in again later. 
  2. You’ll get a confirmation email with a link to login and view your application. You can start, stop, or update your application whenever it’s most convenient for you.
  3. A Dash Mortgage Coach will review your application and contact you to discuss your refinancing goals and the best way to achieve them.
  4. We’ll walk you through everything – from prequalification to approval. Our team will be by your side every step of the way to ensure your refinancing goes smoothly.

Our process makes refinancing easier for you, but you shouldn’t take our word for it. See what our happy customers have to say in our Dash mortgage reviews.

Refinance Lender in NC and SC

Dash is a Charlotte refinance lender with services throughout North and South Carolina. In addition to serving the Charlotte area, Dash also offers mortgage refinancing in Raleigh, NC, as well rural areas of NC and South Carolina. 

If you’re interested in home loan refinancing and aren’t sure if Dash serves your area, contact us. We’re active throughout the Carolinas.

Refinancing Your Home: FAQs

Why are refinance rates higher?

In most cases, refinance rates are not significantly higher than rates for purchase loans. Refinance rates can vary between lenders, however. Some may have higher interest rates but lower fees, which can affect the APR (also known as the annual percentage rate, which includes the interest rate, lender fees, and other refinance charges).

Is it cheaper to refinance with my current lender?

It depends. While it is sometimes cheaper to refinance with your current lender, it’s also common for other lenders to offer better interest rates and fees that decrease your costs. If you’re refinancing your home, you should research different refinance lenders and compare rates to find the best deal.

Can I refinance my mortgage with no closing costs?

Yes. There are home refinancing options with no closing costs, which are known as “no closing cost refinances.” However, while no closing cost refinances save you money up-front, they aren’t always the most affordable option long-term. No closing cost refinances charge you a higher interest rate in order to waive the closing costs, meaning you could end up with a larger overall mortgage bill.

What is the average closing cost to refinance a mortgage?

Closing costs to refinance a mortgage are typically 2-5% of your mortgage. Most homeowners pay $3,000-$5,000 in closing costs to refinance a mortgage.

How does refinancing work with equity?

A borrower needs a certain amount of equity in their home to refinance. Most rate and term refinance are allowed with 5% equity in the home (95% LTV). Others, who do a cash-out refinance, will have at least 20% equity in their homes when they refinance, and they can use the refinancing to cash out on that equity. In some cases, you may lose equity when you refinance. In others, you can use your equity to pay the closing costs for your refinancing. If you’re interested in how refinancing will affect your equity, contact our team today. We can help you determine the most likely effect refinancing will have on your equity.

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