Refinance

Unlock the Potential of
Your Home

At Eads Mortgage Team, we understand that your home is more than just a place to live—it’s a valuable financial asset. Refinancing can help you make the most of that asset by lowering your interest rate, reducing your monthly payments, or accessing your home equity. Let us guide you through the refinancing process and find the best solution for your needs.

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Take the guess work out of deciding when its time to refinance. Join the refinance list to get notified about rate movement and receive personalized rate quotes.

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Why Refinance?

Lower Your Interest Rate
Refinancing can secure a lower interest rate, potentially saving you thousands of dollars over the life of your loan. Take advantage of current market conditions and reduce your financial burden.

Reduce Monthly Payments
By refinancing, you may be able to extend the term of your loan, lowering your monthly mortgage payments. This can free up cash flow for other important expenses or investments.

Access Home Equity
Tap into the equity you’ve built in your home to finance major expenses, such as home improvements, education, or debt consolidation. A cash-out refinance allows you to access these funds with favorable terms.

Non-QM Loan Types

DSCR (Debt Service Coverage Ratio) Loans

DSCR loans are designed for real estate investors who want to qualify for a mortgage based on the cash flow of their property rather than their personal income. The Debt Service Coverage Ratio is calculated by dividing the property’s annual net operating income by the annual debt service. Lenders typically require a minimum DSCR of 1.00, indicating that the property generates enough income to cover the mortgage payments.

Bank Statement Loans

Bank statement loans are ideal for self-employed borrowers who may not have traditional income documentation such as W-2s or tax returns. Instead, lenders use the borrower’s bank statements to verify income, considering deposits over a specified period (typically 12 or 24 months).

Foreign National Loans

Foreign national loans are tailored for non-U.S. citizens who wish to purchase property in the United States. These loans often have different documentation requirements, focusing on the borrower’s ability to repay rather than traditional U.S. credit scores and income documentation.

Construction to Perm Loans

Construction to Permanent loans combine a short-term construction loan and a long-term mortgage into one product. This type of loan allows the borrower to finance the construction of a home and then convert it to a permanent mortgage once construction is complete.

Bridge Loans

Bridge loans provide short-term financing to bridge the gap between the sale of an existing property and the purchase of a new one. These loans are typically used to secure a new property while waiting for the current one to sell.

Interest-Only Loans

Interest-only loans allow borrowers to pay only the interest on the mortgage for a set period (usually 5-10 years), after which the loan converts to a traditional mortgage with principal and interest payments. This can lower initial monthly payments, making it attractive for borrowers with fluctuating incomes.

Why Choose Eads Mortgage Team?

At Eads Mortgage Team, we prioritize understanding your unique financial situation and goals. Our dedicated team of experts will tailor refinancing options to meet your needs and help you achieve your financial objectives. Navigating the refinancing process can be complex. Our experienced mortgage team will provide clear, straightforward advice and support you every step of the way, ensuring a smooth and stress-free experience.