Refinance Mortgage
Single Family House, Condo, Co-op, 1-4 unit Multi Family
Owner-Occupied, or Investment properties
Home Refinance
A home refinance replaces your existing mortgage with a new mortgage that may offer a lower interest rate, lower monthly payment, or access to cash from your home’s equity.
- Lower Rates • Faster Closings • Professional Service
- Compare refinance interest rates and fees from multiple lenders through a free mortgage consultation
- Access to over 200 lender programs to help find the best option for your individual situation
- Even if you were declined by another bank, we may be able to review alternative loan programs and lending options
- Compare multiple lenders’ terms with a single credit inquiry
🔶 Loan Factory
One of America's Top Mortgage Brokerages
Over 900 mortgage closings per month (2026)
🔶 Lower Rates!
Compare loan programs and products from over 200 lenders
🔶 One Credit Inquiry
Minimize credit inquiries
Compare multiple lender options efficiently
Free Consultation
Terry Kwon
Loan Officer
(631) 624-4480
Main Reasons to Refinance
1. Lower Your Interest Rate (Rate & Term Refinance)
Replace your current mortgage with a lower interest rate to reduce your monthly payment and overall interest costs.
Example:
- Current Rate: 6.75%
- New Rate: 5.25%
✅ Lower monthly payments
✅ Reduced total interest expense
2. Reduce Your Monthly Payment
There are several ways refinancing may help lower your monthly mortgage payment:
- Lower your interest rate
- Consolidate multiple mortgages (first and second mortgages) into one loan
- Extend the loan term to reduce monthly payments
✅ Improved cash flow
✅ Lower monthly financial obligations
3. Cash-Out Refinance
Access a portion of the equity you have built through your home’s appreciation.
Example:
- Home Value: $800,000
- Current Mortgage Balance: $400,000
Potential Cash-Out Amount:
$100,000 – $240,000 (subject to loan program guidelines and borrower qualifications)
Common uses include:
- Debt consolidation
- Home improvements
- Business funding
- Education expenses
- Investment opportunities
4. Change Your Loan Terms
Modify your mortgage structure to better fit your financial goals.
- Change from a 30-year mortgage to a 15-year mortgage
- Change from a 15-year mortgage to a 30-year mortgage
- Switch from an ARM (Adjustable-Rate Mortgage) to a Fixed-Rate Mortgage
- Switch from a Fixed-Rate Mortgage to an ARM
✅ Greater financial flexibility
✅ Better alignment with your long-term goals
Mortgage Refinance Info:
Mobile Application:
Quick Loan, Anytime, Anywhere!
Inquiry for Refinance Mortgage:
Milestone Point Inc. In partnership with Loan Factory Inc. (NMLS #320841)
Licensed Mortgage Loan Officer: Terry Kwon (NMLS #2620208)
Residential Mortgage Licensed: AL, CA, CO, GA, IL, ME, NJ, NV, OH, TX, VA, WA
Contact: (631) 624-4480
Email: terry@milestonepointinc.com
Milestone Point, Inc: 200 Garden City Plaza, Suite 215, Garden City, NY 11530
Loan Factory: 2195 Tully Road. San Jose, CA 95122
Disclaimer:
Loan approval is not guaranteed. Approval is subject to credit, income, assets, and other underwriting criteria.
Rates and terms are subject to change without notice.
Milestone Point Inc. partners with Loan Factory Inc. to provide access to multiple mortgage products.
All mortgage programs are offered through licensed mortgage brokers/loan officers registered with the NMLS.