--- title: Refinance | Indy Mortgage Team description: Refinancing your home mortgage is all about your goals. Need cash? A refinance could help. Want to save money or lower your mortgage term? A refinance could be the answer. --- ## Mortgage Refinance ### Our Mortgage Consultants can help you make an informed decision about refinancing your mortgage and maximizing the benefits.  [ Get Started Now ](https://imt.mortgageexpressapp.com/dr/c/vz5ax) ![_Happy couple who refinanced](https://www.indymortgage.com/hubfs/_Happy%20couple%20who%20refinanced.png "_Happy couple who refinanced") ## What are your refinance goals?  ![Faster Loan Process (7)](https://www.indymortgage.com/hubfs/Faster%20Loan%20Process%20(7).png "Faster Loan Process (7)") ## Lower monthly payment.  ### Through a refinance, you can decrease your monthly mortgage payment, freeing up your money to spend elsewhere. ![Faster Loan Process (5)](https://www.indymortgage.com/hubfs/Faster%20Loan%20Process%20(5).png "Faster Loan Process (5)") ## Cash back in your pocket.  ### You can use the equity you’ve built in your home as an investment and get cash out of your property.   ![Faster Loan Process (2)](https://www.indymortgage.com/hubfs/Faster%20Loan%20Process%20(2).png "Faster Loan Process (2)") ## A shorter loan term.  ### Shorten the life of your loan by refinancing into a different loan term. ![Faster Loan Process (2)](https://www.indymortgage.com/hubfs/Faster%20Loan%20Process%20(2).png "Faster Loan Process (2)") ## Lower your interest rate.  ### Through a refinance, you can lock in a lower interest rate, saving you money over the life of your loan. ## Steps to a refinance. Step 1: Apply for pre-approval!  This lets you know the estimate loan amount you’ll be eligible for and gets the ball rolling on your homebuying process.  Step 2: Talk to our team We're with you every step of the way! Together, we'll assess your situation, connect you with the right loan program, and walk you through the entire process. Step 3: Close on your loan The closing process may seem like a long way away, but together we'll get there! And, after you've signed your paperwork, you'll have the keys to your new home.  ![Indy Mortgage Team Mortgage Express App](https://www.indymortgage.com/hs-fs/hubfs/Indy%20Mortgage%20Team%20(1).png?width=265&height=400&name=Indy%20Mortgage%20Team%20(1).png "Indy Mortgage Team Mortgage Express App") ## Have a question? Send us a message. Contact us using the form below and one of our mortgage consultants will respond to you shortly. ## Frequently asked VA questions. ##### How much do I need for a refinance down payment in Indianapolis? It all depends on your situation and your goals. In many cases, a mortgage loan refinance will not require a down payment. ##### Are there refinance loan limits? You cannot refinance your mortgage loan for more than the appraised value of your home. There has to be value in your home in order to take advantage of the equity.  Reach out to our team to learn more. ##### Do I have to pay mortgage insurance with a mortgage refinance loan? PMI may not be required through your refinance, depending on your individual situation.  ##### How do I start the refinance loan process in Indianapolis? Start by applying for pre-approval with us today!  ## Ready to start your Refinance loan application? [ Get Started Now ](https://imt.mortgageexpressapp.com/dr/c/vz5ax)