Refinance Home Loans

Refinance Home Loans

Refinance Home Loans

Denver / Lakewood: Whether you are looking to lower your mortgage rate and monthly payment, pull cash out, or streamline into a lower payment, there are many refinance home loan options available today.  With low Denver mortgage rates, a refinance home loan can make a lot of sense.

We can help take a look at your goals and current situation and recommend options that make sense for you.  If a refinance doesn’t make sense, we will let you know that too!

You can get a fast and easy mortgage rate quick quote by filling out our short form on the side of this page, and we will get back to you quickly.

What is a rate and term refinance?

You may have heard the mortgage term “rate and term” refinance.  This simply refers to a refinance home loan that is refinancing your existing loan balance into a lower rate, shorter term, or both.  This is typically done in an attempt to lower your monthly mortgage payment or to take years off your home loan. If we can accomplish both that’s an added bonus!

Denver mortgage rates on shorter term loans are typically lower than rates on a traditional 30 year fixed home loan, meaning you will pay less interest and pay off your loan faster.  However, with a shorter term loan, you are also committed to a higher mortgage payment.

What if I have a home equity loan that I want to pay off too?

You can include your home equity loan into your refinance in most circumstances, and get out of the variable rate that is common on a home equity loan.  If the home equity loan was taken out when you purchased your home, then the new refinance home loan is considered a rate and term refinance. If the home equity loan was taken out after you purchased your home, then the new loan would be considered a “cash out” refinance.  

Can I pull cash out when I do a refinance home loan?

Cash out refinances can be a smart financial decision in many circumstances.  Cash out refinances have slightly higher mortgage rates than rate and term refinances, and also a little bit more restrictive underwriting guidelines.  For example, cash out refinance loan amounts are limited to 80% of the value of your home, meaning if your home is worth $500,000 for example, you could borrow a maximum of $400,000 on your cash out refinance.

There are many reasons for doing a cash out refinance.  One reason could be to pay off a non-purchase money home equity loan like we discussed earlier.  Another popular reason is to pull cash out for home improvements. The advantage of using your equity on a cash out refinance to do your remodel is that your entire loan balance will be at a low and stable fixed rate that has a level and predictable payment.  Using a home equity loan for a remodel is also an option, but home equity loans are typically a variable rate every month, and are also usually at a higher interest rate than your primary mortgage.

Another reason for a cash out refinance is to consolidate debt.  We have helped many families save hundreds and even thousands of dollars off their monthly expenses by paying off high interest debt.  If you have equity in your home, and have credit card, student loan, or other debts, we can help with a financial analysis of your situation to see how much you can save.  

What is a streamline refinance home loan?

There are several “streamline” programs available to home owners that make the refinance process fast, easy, and low cost.  The most common programs are through FHA and VA (VA IRRRL).  Both of these programs don’t require an appraisal or income documentation.  You have to fill out some basic paperwork and we have to verify that you are employed.  There are a few other requirements, but that’s about it! These programs are designed to make it easy to lower your rate and payment.

We are here to answer your refinance home loan questions!  You can fill out our refinance advisor form to get us some basic information and we will be in touch soon.  Or give us a call or text at 303-670-0137 or email us at  

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Intercap Lending

(303) 670-0137
215 Union Blvd Suite 210
Lakewood, CO 80228

Intercap Lending Inc. NMLS# 190465
Richard Baxter NMLS #395819, CO License #100034412
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