Raleigh homeowners are sitting on significant opportunities. If you purchased or last refinanced when rates were higher, you could be overpaying hundreds monthly. If your home value has increased in Wake County’s appreciating market, you have equity you can access for renovations, debt consolidation, or investments. Mortgage refinance lets you capitalize on these opportunities—whether you want to lower your rate, shorten your term, eliminate PMI, or tap into your equity.
We specialize in mortgage refinance throughout Raleigh and the Triangle area. We work with homeowners who bought in recent years at 6-7% rates and want to refinance down. We help those who’ve built substantial equity and need cash-out refinance for home improvements or other financial goals. We also assist homeowners who want to remove PMI now that their home values have risen above 80% loan-to-value.
The question isn’t whether refinancing makes sense—it’s finding the right refinance strategy and the best lender for your situation. That’s where we help.
Rate and Term Refinance focuses on changing your interest rate or loan term without taking cash out. If rates have dropped since your original loan, rate and term refinance can lower your monthly payment significantly. Alternatively, you might keep a similar payment but shorten your term from 30 to 20 or 15 years, building equity faster and saving thousands in interest over the loan life.
Cash-Out Refinance lets you tap into your home equity by refinancing for more than you currently owe and receiving the difference in cash. Raleigh homeowners use cash-out refinance to fund major renovations that increase property value, consolidate higher-interest debt into their lower-rate mortgage, or access capital for business investments or rental property down payments.
VA IRRRL (Interest Rate Reduction Refinance Loan) is a streamlined refinance option for veterans with existing VA loans. This program requires minimal documentation, no appraisal in most cases, and offers the fastest path to lower rates for qualifying veterans in the Raleigh area.
FHA Streamline Refinance provides similar benefits for homeowners with existing FHA loans. Reduced documentation and simplified underwriting make this an efficient option for lowering your FHA loan rate without the full refinance process.
The refinance decision requires careful analysis of your specific situation. Consider refinancing when current rates are at least 0.5-0.75% lower than your existing rate, though even smaller differences can make sense depending on your loan balance and how long you plan to stay in the home.
Home equity is another trigger. If your Raleigh home has appreciated significantly—and many Triangle properties have gained substantial value—you may have crossed the 20% equity threshold needed to eliminate PMI on conventional loans. Removing PMI can save $100-$300+ monthly without changing your rate.
Cash needs also drive refinance decisions. Major home renovations, college tuition, business opportunities, or high-interest debt consolidation might make cash-out refinance attractive if you have sufficient equity. We help you calculate whether tapping your equity makes more financial sense than alternatives like personal loans or HELOCs.
The break-even point matters too. We calculate how long it takes for your monthly savings to recover your closing costs. If you’re staying in your home beyond the break-even point, refinancing typically makes strong financial sense.
As a trusted mortgage lender in Raleigh, Certified Home Loans provides personalized financing solutions through access to 30+ lending partners who compete for your business. We specialize in FHA, VA, conventional, USDA, jumbo loans, and investment property financing with competitive rates and local expertise throughout Wake County.
We’ve helped hundreds of Raleigh homeowners refinance successfully. Our relationships with multiple lenders mean we can shop your refinance across various institutions to find the best combination of rate, fees, and closing timeline. Different lenders price refinances differently—having access to multiple options benefits you directly.
We provide honest break-even analysis before you commit. Some refinance scenarios make excellent sense. Others don’t justify the costs based on how long you plan to keep the home. We tell you the truth about whether refinancing benefits you, even if it means recommending you wait.
We’re located on Spring Forest Road in Raleigh with extended hours until 7 PM weekdays and Saturday availability. We understand Wake County property values, local market appreciation trends, and how to structure refinances that make financial sense for Triangle area homeowners.
Savings depend on your current rate, new rate, loan balance, and closing costs. We provide detailed analysis showing your monthly savings, total interest savings, and break-even timeline.
Typical refinance timelines run 30-45 days from application to closing, though streamlined options like VA IRRRL and FHA Streamline can close faster.
It’s challenging but sometimes possible, especially with streamlined programs like FHA Streamline or VA IRRRL that don’t require appraisals. We evaluate your specific situation.
Refinance closing costs typically range from 2-5% of your loan amount, though this varies by lender and loan type. We compare costs across multiple lenders to minimize your expense.
It depends on your goals and current mortgage rate. If your existing rate is low, a HELOC might make more sense than refinancing. We compare both options using your numbers.
Stop overpaying on your mortgage or leaving equity untapped. Let’s analyze whether refinancing makes sense for your Raleigh home. We’ll provide honest guidance, compare multiple lenders, and show you exactly how much you can save.
Our office is at 805 Spring Forest Road in Raleigh. Call (919) 510-1108 or email jschneider@certifiedhomeloans.com for your free refinance consultation.
During your consultation, we’ll review your current mortgage, evaluate current rates, assess your home equity position, and calculate your potential savings. You’ll receive a clear recommendation on whether refinancing makes financial sense and which refinance option offers the best outcome for your situation.
With years of experience, education + transparency, we are dedicated to providing our clients with the best home purchase or refinance experience possible.
Sunday
Closed
Monday
8:30 AM – 7 PM
Tuesday
8:30 AM – 7 PM
Wednesday
8:30 AM – 7 PM
Thursday
8:30 AM – 7 PM
Friday
8:30 AM – 7 PM
Saturday
9:00 AM – 4 PM
For further information about CHL Raleigh please visit our website at www.CertifiedHomeLoans.com. Receipt of application does not represent an approval for financing or interest rate guarantee. Applicant subject to credit, acceptable appraisal, title, and underwriting approval. Not all applicants will be approved. Other terms and conditions apply. Contact Certified Home Loans for more information and up-to-date rates.