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Refinance a Home

How Can a Home Refinance Benefit You?

Homes typically grow in value each year, as does your equity as you continue to pay off your mortgage. The difference between the original purchase price of your home and its current market value is untapped equity that you might be able to use for other productive purposes, such as:

Why Refinance through Ark Mortgage?

At Ark, our Home Mortgage Advisors are not salespeople, they are advocates. Instead of hard-selling you with the benefits of a particular program, we’ll take the time to ask you important questions about your financial strategies and goals before recommending a particular product. We want to know about what payment is most comfortable for you and fits into your budget. We will ask about the amount of cash you need now for various projects. We will work to help you maximize your tax benefits while ensuring the term of your loan coincides with your preferred date to become debt-free. We know that without probing questions, there is no way to custom-fit our program to your needs.

Three other benefits of refinancing through Ark:

Self-Employed Borrowers are Welcome Here!

Buy through Ark and with every refinance of that property, we’ll waive the application and commitment fees and reimburse the appraisal fees, a total savings of up to $2,500!

Lifetime Guarantee:

Buy through Ark and with every refinance of that property, we’ll waive the application and commitment fees and reimburse the appraisal fees, a total savings of up to $2,500!

Multi-Property Discount:

Refinance several properties through Ark simultaneously (even if the original loans were handled elsewhere) and we’ll only charge you the application and commitment fees for the first property. We’ll automatically waive those fees for every other one refinanced at the same time.

Home Refinance FAQs

How much can I save by refinancing my mortgage?

The amount you can save will vary, since everyone’s mortgage and reason for refinancing is unique. Factors such as the term of your current loan, your income, credit score, size of loan and market conditions all come into play. Use our Mortgage Calculator to estimate your savings or speak with one of our Personal Mortgage Advisors.

How much will my monthly payment be?
Calculate your potential new monthly mortgage payment in seconds by using the calculator accompanying this section.
How long is the mortgage refinancing process?
Many refinances can be completed from receipt of complete application (including all requested documents) to close in 21 days or less and some in as short as 10 days, depending on the situation.
Am I required to refinance with my current mortgage lender?
No. The decision to refinance your home is an important one and you shouldn’t automatically assume that your original lender is the best mortgage company to work with for the refinance. Weigh your options and work with a lender that puts your needs first and is best able to help you accomplish your refinancing goals.
Why Refinance instead of Home Equity Loan?
While it’s true that a home equity loan might be less expensive initially since it doesn’t involve closing costs, in the long run it can cost you more because the interest rate is uncapped and can rise without notice. Also, some companies can discontinue those loans without notice. A refinance might be your safest and most predictable course of action, especially since all closing costs are added to the cost of the loan. No upfront payment is required other than the cost of the appraisal, which is reimbursed to previous Ark borrowers, thanks to our Lifetime Guarantee.

How much will my monthly payment be?

Calculate your potential new monthly mortgage payment in seconds with this handy calculator so you can ensure you have enough money left over each month to cover your other expenses. Choose your rate and term—you might be surprised to see how affordable it can be to own your home sooner than you thought possible. Note how much interest you’ll pay over the life of the loan, and then enter prepayment amounts to calculate their impact on your overall expenditure.

Real quotes from real clients:


Chaim L.

Brooklyn, NY

“As somebody who recently converted from traditional mortgage brokers to Ark Mortgage, the process was as easy as a credit card application. The loan officers were amazing and easy to work with. It’s time everybody finds out about Ark Mortgage.”


Basye M.

Spring Valley, NY

"....Ark Mortgage has excellent customer service with loads of extra patience. They walk you through every step of the way to get the best possible deal.”


Efraim W.

Airmont, NY

“I can’t imagine having a better interaction than what I experienced with my Ark Mortgage adviser. He picked up the phone even when he was at his busiest, always called me back. He was always on top of everything. He actually became a close friend- part of the family!”


Martin K.

Toms River, NJ

“I can only say great things about my dealings with Ark Mortgage. Not only was everyone I worked with friendly, but also on top of everything I needed. We love our home and could not be happier with those who worked to make our dreams come true.”


David W.

Airmont, NY

".... my Ark Mortgage adviser made home ownership for me from a distant dream to a reality. All while patiently teaching and advising me of the entire process."


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