Matthew Hager helps Colorado Springs homeowners refinance their mortgages to lower rates, shorten terms, tap equity, or switch from an adjustable to fixed rate. With access to 60+ lenders, Matthew shops your refinance to find the option that actually saves you money.
Refinance Options
Types of Refinances
- Rate & Term: Lower your interest rate or change your loan term without taking cash out
- Cash-Out: Tap your home equity for home improvements, debt consolidation, or other needs
- VA IRRRL: Streamline refinance for existing VA loan holders — no appraisal, minimal paperwork
- FHA Streamline: Simplified refinance for existing FHA borrowers
- ARM to Fixed: Convert your adjustable rate mortgage to a stable fixed rate
- Remove PMI: Refinance to eliminate private mortgage insurance
When Does Refinancing Make Sense?
- Rates have dropped 0.75-1%+ below your current rate
- You want to shorten your loan term (30 to 15 years)
- You need cash for home improvements or debt consolidation
- You want to remove PMI
- You have an ARM and want the stability of a fixed rate
- You're a veteran with an existing VA loan (IRRRL)
Frequently Asked Questions
Consider refinancing when rates drop 0.75-1% below your current rate, when you want to shorten your loan term, need cash for home improvements, or want to remove PMI.
Closing costs typically run 2-5% of the loan amount. I can often structure a no-closing-cost refinance with a slightly higher rate, or roll costs into the loan.
The VA IRRRL lets veterans refinance their existing VA loan with minimal paperwork, no appraisal, and often no out-of-pocket costs.
It depends. Conventional refinances typically require 620+ credit. FHA and VA streamline refinances have more flexible requirements.
Most refinances close in 30-45 days. VA IRRRLs can sometimes close faster since they don't require an appraisal.
A cash-out refinance makes sense for home improvements that increase value, consolidating high-interest debt, or other major expenses. Your home secures the loan, so use funds wisely.