Lower Your Mortgage

Conventional Rate & Term Refinance

Lower your interest rate or the term of your current mortgage
DU Refinance Plus - special offering for those loans currently being serviced by Fannie Mae. It offers a higher loan-to-value and less paperwork for properties that meet the right criteria.

FHA Streamline Refinance

For those with a current FHA loan
Less paperwork and no income qualifying
Qualifying is based on good payment history
Must be lowering rate or term

Conventional to FHA

Good choice for lowering the monthly Mortgage Insurance
Go from an adjustable rate into a stable fixed rate loan

VA Streamline

Takes a current VA loan and lowers the rate, term or payment
Total process is very streamlined

Reverse Mortgage

For borrowers 62 years or older
Qualifying is based on equity in the property, not credit or income
Homeowner receives a lump sum or monthly payment and there is no mortgage payment

None of the refinances offered by Southwest Funding have a pre-payment penalty. Refinances may be an excellent choice when interest rates are lower than the existing rate on your current mortgage.