COVID-19 Updates and Forbearance Info

As a designated “essential business,” JVM Lending is open and funding mortgage loans during the COVID-19 crisis. Most types of mortgage financing remain available for qualified borrowers. If you are looking for information relating to payment forbearance, please see JVM's Forbearance Resource Center.

Refinancing has never
been so easy.

Apply now Consult an expert
No cost

We offer lender credits that cover non-recurring closing costs for almost all of our refinance loans.

Low rates & fees

We consistently beat our mortgage banking competitors in weekly rate comparison surveys ensuring you have the best rate available.

Expert advice

Our mortgage experts will walk you through all your refinancing options.

No friction

State of the art technology and extraordinary service make our refinancing process the smoothest in the industry.

We’ll match you with the loan that will save
you the most money.

RATE/TERM REFINANCE

A rate and term refinance is the refinancing of an existing mortgage to lower the interest rate or change the term of the loan (from a 7/1 ARM to a 30 Year fixed, for example) without increasing the loan amount. This is in contrast to a “cash out” refinance (see Cash-Out below). A key consideration with a rate and term refinance is the amount of closing costs (see our JVM Buyer’s Guide) and how fast borrowers can recoup the closing costs with the savings from a lower mortgage payment.

A rule of thumb is that a refinance makes economic sense if the closing costs can be recouped in four years or less. If a refinance is offered at “no cost” to the borrower (something JVM Lending encourages in most cases), the “recoup analysis” is unnecessary.

Eliminating Mortgage Insurance
You can also refinance your existing mortgage simply to eliminate mortgage insurance if you believe you have enough equity in your property. We are more than happy to use the many tools we have available to help you analyze comparable sales and assess whether or not you have enough equity to refinance to eliminate mortgage insurance.

Free Refinance Analysis

Our Refinancing Specialists will help you:

  • Get a free home-value estimate
  • Determine the best loan for your needs
  • Obtain a free rate quote based on your credit, equity and desired loan
Contact us to start your FREE refinance analysis