Refinancing That Makes Sense - Refinancing is one great way Empire Lending 1's customers can save up to thousands of dollars per year. Refinancing a home mortgage loan with Empire Lending 1 is a fantastic way to reduce monthly financial obligations, save money, streamline finances, or even pay down other debts quickly. We offer multiple mortgage refinance options to suit our customer's specific needs. 

Lower Rate and Payment - Lower your interest rate and monthly mortgage payment. Most often, this is the reason people refinance their mortgage. Interest rates have fallen over the last few years, so you may find you can reduce your monthly payment, as well as interest paid over the course of the loan. Change a variable rate to a fixed rate. You may want to convert a variable rate to a fixed rate to establish a consistent mortgage payment.

Lower your monthly mortgage payment if interest rates drop lower than your current rate, you can refinance which will lower your monthly payment. You can also try reducing your loan term, which will help you build more equity and save thousands of dollars in interest over the life of the loan.

Fixed Interest Rates
- A "Fixed Interest" loan lock in the interest rate for the entire duration of the loan. Empire Lending 1 offers the following terms for fixed interest rate mortgage loans:


Adjustable Rate Mortgage "ARMs" - An "ARM" or "Adjustable Rate Mortgage" are a type of home mortgage loan where the interest rate is not fixed, but changes during the life of the loan, in line with movements in an index rate. The adjustment period is the length of time for which the interest rate is fixed on an adjustable rate mortgage. After that period it will be adjusted. Typically this occurs once after 5,7 or 10 years depending on the program. Contact us for more information on Adjustable Rate Mortgage Loans. 

Rate/Term Mortgage Refinance
A Rate/Term Mortgage Refinance allows existing homeowners to adjust their interest rate or mortgage loan repayment terms. Homeowners can potentially qualify for a lower mortgage interest rate and choose to shorten, extend or maintain their repayment term the same.

  • Decrease Interest Rate
  • Lower Payment
  • Shorter Term
  • Same Term 
  • Term Extension

Home Equity Cash Out Mortgage Refinance
With a Home Equity Cash-Out Mortgage Refinance, home owners can tap into their home equity to obtain cash for a multiple number of purposes. In many cases clients can obtain a lower interest rate and choose to either shorten, extend or maintain their repayment term the same.

  • Funding for Business
  • Travel/Vacations
  • Auto Purchase 
  • Furniture 
  • Funds for a Wedding and More.

Home Renovation Mortgage Refinance
A home renovation mortgage refinance allows existing home owners to tap into their home equity in order to finance the cost of a home renovation project. In addition, home owners could obtain a lower rate, and either shorten, extend ,or maintain their remaining payment term the same. 
  • Remodeling Projects
  • Roofing /Solar Panels
  • Landscape
  • Additions
  • Windows and More

Loan Type Adjustment Mortgage Refinance

A Loan Type Adjustment Mortgage Refinance allows a homeowner to adjust the type of mortgage loan they currently have. In many cases homeowners can refinance into a conventional loan and eliminate monthly mortgage insurance.

  • Eliminate Monthly Mortgage Insurance
  • Lower Monthly Payment
  • Eliminate Monthly Escrows
  • Adjust Loan Term
  • Adjust Interest Rate

Debt Consolidation Mortgage Refinance
Oftentimes, refinancing makes the most sense for our clients who desire to streamline their finances and consolidate their debt quickly. There are refinancing possibilities to explore when king towards the end of aggressively streamlining finances and reducing accrued debt.

  • Credit Cards
  • Auto Loans
  • Student Loans
  • Personal Loans
  • Lines of Credit and More

Alternative Mortgage Refinance Lending Options
With Empire Lending 1's Alternative Mortgage Refinance Options, homeowners now can qualify for a refinance mortgage by using alternative means of income verification and consider clients under a broader range of credit scores and credit histories not typically considered by banks and other lenders.
  • W2 Income Program
  • No Tax Returns Program
  • Self Employment/Business Income Program
  • Bankruptcy and Foreclosure history considered.