Refinance a home

A refinance occurs when the terms of an existing home loan are revised. The existing loan is replaced with a new loan that is restructured to fit the homeowner’s needs. The new loan should have better terms or features that improve the borrower’s finances.

Rate and Term Refinance: For borrowers that are interested in changing the interest rate and term of the loan without necessarily adjusting the loan amount. This type of refinance comes with a new interest rate (ideally lower) and a new mortgage term.

Cash-Out Refinance: This option allows borrowers to turn some of the equity they have built up in their house into cash. This is great for homeowners that need a lump sum of cash to pay off high-interest debts, make home improvements, or pay college tuition.


Refinance Benefits

Lower Interest Rates
Lower Monthly Mortgage Payment
Shorten Loan Term
Eliminate Mortgage Insurance
Change Loan Type
Cash-Out Home Equity
Variety of Loan Programs
Consolidate Debt

Choose Gershman Mortgage

At Gershman Mortgage, we are consistently growing our portfolio of programs so that you have a range of loans that will meet your needs.
We have decades of experience in mortgage lending and a reputation that few lenders can equal. We understand today’s market and spend
countless hours researching the options and information you need to know. Our veteran team of professionals are here to take care of you.





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