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Refinancing Your Mortgage
Lower your rate, improve terms, or tap into your home's equity to get cash out.
At Midland, we know it only takes a moment for an idea to spark, to find your dream home, or to start planning for your forever. Whatever your moments are, we're here for them. Learn who we are.
Junior, CustomerFrom the start, I felt my loan officer had my best interests at heart. They were consistently attentive, supportive, and professional. Even in the final stages, their dedication was clear. I'm incredibly grateful for their guidance and would highly recommend them.
Gabriel, CustomerEasy to work with and very informative throughout. The online forms were also user-friendly.
A rate and term refinance allows you to change the terms of your current mortgage. You can choose to refinance to the same or a longer term to reduce monthly payments or shorten your term to pay your loan off quicker.
With a cash-out refinance, you can tap the equity in your home to pay for home improvements, pay off higher interest rate debt, fund your child’s college tuition or whatever you can dream up.
An FHA Streamline Refinance allows you to refinance a current FHA loan into a new FHA loan to lower your rate or change your loan term. An appraisal is not required, and the credit guidelines are more flexible than other types of mortgage finances.
FHA Streamline Refinance Details
The VA Streamline Refinance program, also known as the Interest Rate Reduction Refinancing Loan program (IRRRL), allows veterans who are current on their existing VA home loan to quickly and easily refinance to the lowest fixed rate available, with little to no out-of-pocket costs.
Thinking about buying a home or refinancing? If you apply with Midland between October 20, 2025 and January 31, 2026, we’ll send you a free IRobot Roomba® 105 Robot Vacuum after your loan closes.
Just use promo code ROBOVAC when you apply!*
Explore quick, interactive quizzes to pinpoint a loan tailored to your needs. Where are you in your home financing journey?
New to Real Estate? Here’s How Investment Property Loans Work
New to real estate investing? Learn how investment property loans work and what you may need to know about financing a rental property.
Need Cash for a Big Purchase? Compare Refinancing vs. Home Equity Loans
Looking to fund a big purchase by borrowing from your home’s value? You’ve got options. Explore home refinancing vs equity loan options including HELOCs.
Our team of dedicated professionals are here to support you.
*Applicants must use promo code ROBOVAC when submitting an online mortgage application or when meeting with their Mortgage Loan Originator. The free IRobot Roomba® 105 Robot Vacuum gift applies to loan applications on single-family, 1-4 unit properties for first-lien residential purchase or refinance mortgage loans only. Offer available on loan applications with Loan Estimate disclosures dated July 1, 2025 – August 31, 2025. This does not include pre-approval applications. No minimum loan amount is required to receive the offer. Standard loan program details still apply. All applications are subject to approval under Midland's underwriting guidelines. Gift is provided only upon loan approval and closing. Gift will be mailed to customers after the closing date to the new home’s address unless otherwise stated. Gift may be reported as taxable income and produce a 1099-MISC. Gift is limited to one per loan. No cash equivalent or transfer of prize is permitted. Offer subject to change without notice. Offer subject to change without notice. Offer cannot be combined with any other discounts, promotions, or incentives.
