Mortgage Refinance — Lower Your Rate, Access Your Equity
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You're in the right place
Your mortgage made sense when you got it. But rates change. Life changes. And a loan that worked five years ago might be costing you thousands more than it should today.
Maybe you’re watching your rate and wondering if now is the right time to lock in something lower. Maybe you’ve built up equity and need access to it — for a renovation, to wipe out high-interest debt, or to cover a major expense. Or maybe you just want the certainty of a fixed payment and a clear payoff date.
Whatever brought you here, the math is worth running. And we’ll run it with you — free, fast, and without pulling your credit until you’re ready.
What Is a Mortgage Refinance — and Which Type Is Right for You?
Rate & Term Refinance
The most common type. You keep the same loan balance but change the interest rate, the loan term, or both. If rates have dropped since you closed — or if you want to shorten a 30-year loan to 15 — this is where you start. The math is straightforward: lower rate means lower payment, or the same payment retiring your loan faster.
Cash-Out Refinance
You refinance for more than you currently owe and take the difference in cash. Your home's equity becomes usable capital — for debt consolidation, home improvements, tuition, or anything else. The new loan replaces the old one, and the cash arrives at closing. Refinancing costs typically run 1–3% of the loan balance, but in many cases those costs can be rolled into the new loan so there's nothing out of pocket.
VA IRRRL (Interest Rate Reduction Refinance Loan)
If you have a VA loan, the IRRRL — also called a VA Streamline — lets you refinance to a lower rate with reduced paperwork and no appraisal in most cases. It's one of the strongest benefits available to veterans and active-duty service members.
What You Need to Qualify for a Refinance
620+ for conventional refi
580+ for FHA Streamline
Minimum 20% equity recommended for best rates
Under 50% for most loan types
Most loans require 6–12 months before refinancing
Single-family, multi-family (2–4 units), condos, co-ops (case by case)
Required for most Refis
Waived on FHA Streamline and VA IRRRL in most cases
Why Homeowners Choose Powerhouse Solutions to Refinance
When you refinance through a broker, there's a middleman adding cost between you and your rate. Powerhouse Solutions is a direct lender. We set the terms, control the process, and pass the savings directly to you. No broker spread. No surprises at closing.
Most banks take 45–60 days to close a refinance. As a direct lender, we control underwriting, title coordination, and the closing timeline. Our average is under 30 days — which means you start saving sooner.
You shouldn't have to commit to anything to find out if refinancing makes sense. We'll show you your options, run the numbers, and give you a clear picture of your savings before a single inquiry hits your credit report.
From your first call to closing day, you work with one dedicated loan officer who knows your file. No handoffs. No call centers. One person accountable for your refinance — and reachable when you have questions.
Ready to See What Your Refinance Could Save You?
How It Works
From Application to Closing
Tell us about your situation in under 2 minutes. No commitment, no credit pull.
Your dedicated loan officer reviews your details and issues a pre-approval letter, often the same day.
PHS manages the entire process from underwriting to title. You focus on finding your home.
As a direct lender, we control the timeline. No bank delays, no middlemen.
What Our Refinance Clients Say
Real homeowners. Real savings.
Mortgage Refinance FAQs
The questions every homeowner asks before they refinance. Answered straight.