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 an economic 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.