Rate-Term & Cash-Out Refinancing

Mortgage Refinancing In North Carolina

1st Advantage Mortgage can help you refinance⁴ your North Carolina home to lower your monthly mortgage payment, get a better interest rate, or transform your home equity into cash for other needs (such as debt repayment or home renovation projects).

Mortgage Refinance In North Carolina Simplified

Applying for a mortgage refinance in North Carolina should be simple. We’ve made the process for refinancing your home faster and easier because, well, who wants it to be longer and more complicated, right?

We’ve Got a Mortgage For You

Types of Mortgages For Homeowners In North Carolina

Not sure what type of Mortgage you need or what you qualify for? Take a look at the types of Mortgage we offer, and then get in touch with us and meet your Mortgage Expert.

Your Mortgage Expert is your personal resource through the loan process, providing guidance to ensure you find the best loan with the right payment options

Fixed-Rate Mortgage (15 or 30 years)

With a fixed-rate 15- or 30- year mortgage, your interest rate stays the same throughout the lifetime of your loan.

Adjustable Rate Mortage(ARM)

Take advantage of potentially lower interest rates during the initial fixed interest rate period.

Cash Out Refinancing

With FHA and VA cash-out refinancing, replace your mortgage with a loan worth more than your home so you can pocket the difference.

FHA Streamline Refinancing

Get a lower interest rate and monthly payment with limited paperwork and no home appraisal or credit check.

Interest-Rate Reduction Refinance Loan

The classic traditional loan with low rates and low down payment options.

Fannie Mae RefiNow

An FDA-issued loan offering low down payments and closing costs for eligible properties.

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Confused About Refinancing? Don't Worry.

Whether you need to refinance a Advantage Mortgage in Raleigh or are considering a mortgage refinance in Charlotte, 1st Advantage Mortgage has a variety of options that will help you get the results you need.

In addition to our popular urban refinancing options, we also offer refinancing in South Carolina’s rural areas. Our Mortgage Experts will help you determine the best refinancing option for your specific situation

See What Our Clients Have To Say About Our Home Loans Services

Our process makes refinancing easier for homeowners in the Carolinas. But don’t just take our word for it – check out our customer reviews to see what they have to say about our mortgage refinancing services.

View More Customer Testimonials

Frequently Asked Questions

North Carolina Mortgage Refinance FAQs

Why are refinance rates higher?

In most cases, refinance rates are not significantly higher than rates for purchase loans. Refinance rates can vary between lenders, however. Some may have higher interest rates but lower fees, which can affect the APR (also known as the annual percentage rate, which includes the interest rate, lender fees, and other refinance charges).

Is it cheaper to refinance with my current lender?

It depends. While it’s sometimes cheaper to refinance with your current lender, it’s also common for other lenders to offer better interest rates and fees that decrease your costs. If you’re refinancing your home, you should research different refinance lenders, and compare rates to find the best deal.

Can I refinance my mortgage with no closing costs?

Yes. There are home refinancing options with no closing costs, which are known as “no closing cost refinances.” However, while no closing cost refinances save you money up-front, they aren’t always the most affordable option long-term. No closing cost refinances charge you a higher interest rate in order to waive the closing costs, meaning you could end up with a larger overall mortgage bill.

What is the average closing cost to refinance a mortgage?

Closing costs to refinance a mortgage are typically 2% to 5% of your mortgage. Most homeowners pay $3,000 to $5,000 in closing costs to refinance a mortgage.

How does refinancing work with equity?

A borrower needs a certain amount of equity in their home to refinance. Most rate and term refinance are allowed with 5% equity in the home (95% LTV). Others, who do a cash-out refinance, will have at least 20% equity in their homes when they refinance, and they can use the refinancing to cash out on that equity. In some cases, you may lose equity when you refinance. In others, you can use your equity to pay the closing costs for your refinancing.

If you’re interested in how refinancing will affect your equity, contact our team today. We can help you determine the most likely effect refinancing will have on your equity.

Helping Homeowners Throughout North Carolina

Your North Carolina Mortgage Experts

If you’re not sure what type of refinancing is right for you, get in touch with us. Our 1st Advantage Mortgage Mortgage Experts in the Carolinas can walk you through the process of refinancing your home, including evaluating your needs and goals so they can match you with the best option for your situation

No matter your financial situation – self-employed with a perfect FICO®* score or retired with less-than-perfect credit – our North Carolina Mortgage Experts will help you find the right home loan quickly and easily

No matter which type of home loan you choose, our North Carolina Mortgage Experts will help you get it without the usual frustration.

The 1st Advantage Mortgage Refinancing Process for North Carolina Homeowners

At 1st Advantage Mortgage, we’re honest people. So when we say that refinancing can be as much “fun” as getting a new home loan, you can take our word for it. That’s because the average mortgage refinance lender in North Carolina makes homeowners jump through unnecessary hoops. And when you stumble – trust us, most people do – your loan officer is never there to pick you up and dust you off.

At 1st Advantage Mortgage, we are committed to providing homeowners with a seamless refinancing experience. Our unique approach streamlines the North Carolina refinancing process by utilizing our in-house expertise and strategic partnerships with top-notch loan processors. This integrated method ensures that you get approved for a refinance loan quickly and efficiently, without unnecessary stress. With 1st Advantage Mortgage, you can enjoy a smoother path to refinancing, tailored to meet your specific needs and goals.

To start the refinancing process, through our simple digital interface. We’ll need some information about your home, assets and debts, and income. After we get these details, you’ll be connected with a Mortgage Expert who will be by your side every step of the way

If you’re interested in home loan refinancing and aren’t sure if 1st Advantage Mortgage serves your area, contact us. We’re active throughout the entire Southeast.

North Carolina Mortgage Refinancing With 1st Advantage Mortgage

Refinancing in North Carolina is quick and painless when you work with 1st Advantage Mortgage. No matter your circumstances – self-employed with a less-than-perfect FICO®* score or retired with some credit card debt – our Mortgage Experts will find a lending option that works for you. After all, we’re here to support you!

Ready to get started? Call our North Carolina Mortgage Experts at to schedule a consultation.

Legal information

² No -Down Payment Disclaimer: Closing costs and fees may still apply

³ Lending Disclaimer: Mortgage rates are subject to change and depend on the borrower(s) qualification. APR rate(s) quoted are based upon a (loan amount), (loan term, including whether fixed or ARM) year.

⁴ Refinancing Disclaimer: When refinancing your mortgage , you can typically reduce your monthly payment amount. However, your total finance charges may be greater over the life of your loan. Your 1st Advantage Mortgage loan professional will provide you with a comprehensive refinance comparison analysis to determine your total life loan savings.

⁵ VA Mortgage Disclaimer: VA home loan purchases offer options for a 0% down payment, no private mortgage insurance requirements, and competitive interest rates with specific qualification requirements. VA Interest Rate Reduction Loans (IRRRL) are exclusively for veterans with current VA loans – current loan rate restrictions apply, and limits to recoupment of costs and fees apply. VA cash-out refinances are available for veterans with or without current VA loans. Policies and guidelines may vary and are subject to individual borrower(s) qualifications. Program and lender overlays apply.

⁶ Down Payment Assistance Disclaimer: First-lien interest rates may be higher when using a DPA.

⁷ Pre-Approval Disclaimer: Pre-approvals are granted to clients who meet qualifying approval criteria and specific loan requirements at the time of application. Results may vary.

General Disclaimer: The content on this page has not been approved, reviewed, sponsored, or endorsed by any department or government agency.

NMLS® Consumer Access℠: https://nmlsconsumeraccess.org/

North Carolina Mortgage Broker License: B-217173

Florida Mortgage Broker License: MBR6689