Why refinance with Kin?
A smarter monthly mortgage payment, coming right up.
Lower rates
We offer Kin-specific interest rates that make mortgages even more affordable.
Customizable options
We find solutions that fit your budget and save you money.
Fast and easy
Our friendly experts work on your timeline — and we're here to help.
When should you consider refinancing?
We can help you decide when the time is right.
To secure a lower rate
Save money on monthly mortgage payments and total interest costs.
To shorten the loan term
Build equity faster and pay less interest overall.
To get cash
Access funds for home improvements, debt consolidation, and more.
Common questions about mortgage refinancing
What is a mortgage refinance?
A mortgage refinance is the process of replacing your existing home loan with a new one, typically to secure better financial terms. Instead of simply altering your current agreement, you essentially “trade in” your old mortgage for a fresh one that pays off the original debt entirely. Homeowners usually choose to refinance to lower their interest rate, shorten their loan term (e.g., switching from a 30-year to a 15-year term), or convert a portion of their home’s equity into cash for major expenses.
How does a mortgage refinance work?
The process operates much like applying for your original mortgage, involving an application, credit check, and often a home appraisal to verify the property’s value. Once the new loan is approved and closed, the lender uses the funds to pay off your existing mortgage balance completely, ending that obligation. You then begin making monthly payments to the new lender — or the same one, if you stayed with them — under the new terms, interest rate, and repayment schedule you agreed upon.
