Lendexa offers two types of refinance loans: Rate & Term and Cash Out. In a Rate & Term refinance transaction, the borrower seeks to lower their monthly payment and/or change the term of their existing loan. A Cash Out refinance allows you to increase the size of your loan, and extract equity out of your home which you can then use for other purposes.
Unfortunately, we do not offer HELOC's at this time.
Yes, we can help you get the perfect loan to refinance your condo.
Yes, you can use Lendexa to refinance a second home or investment property.
Your closing costs will vary based on a number of factors, including the location of the property, pre-paid interest (which is based on your scheduled closing date), and third-party fees (which may vary depending on the loan you choose).
Once you select a loan and schedule an appraisal, we will collect payment of the appraisal fee (Lendexa does not conduct the appraisal and does not make money from the appraisal process). You will pay all other fees at closing.
Please continue to pay your current mortgage payments until you close the new loan. Lendexa will coordinate with your current lender prior to closing to determine the final payoff amount. The final payoff amount will be included in the closing disclosure that we provide you a few days before closing.