See if you could save with a refinance.

Take advantage of today’s mortgage rates with a refinance. Apply online or talk to us today with no obligation — we’ll calculate the rate you may qualify for and share your options so you can decide whether a refinance makes sense.

*Offer of credit is subject to underwriting and credit approval; terms and conditions subject to change at any time

Benefits of refinancing your mortgage with Elevations:

  • Fast and easy online application

  • In-house team of local underwriters, processors and closers for a faster process

  • A range of loan options including loans with fixed rates and adjustable rates (ARMs), jumbo loans and more

A photo of a house with the following embedded text: Now is a great time. Historically low mortgage rates may help you lower your monthly payment, pay off your loan faster, pull cash out for other things
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Crunch the numbers on a refinance.

See how your mortgage payments could change if you lowered your interest rate or reduced your loan term with a refinance.

Which mortgage refinance option is right for you?


When you want a lower interest rate or shorter term for your mortgage.

With a rate-and-term refinance, you can replace your current mortgage with a new one that has more beneficial terms.

  • Get a lower interest rate, remove Private Mortgage Insurance (PMI), go from an adjustable rate mortgage (ARM) to a fixed rate mortgage or even get a shorter term for your loan.

  • Rate-and-term refinances generally have more favorable interest rates and allow for higher loan-to-values (LTVs) than cash out refinances.

  • A rate-and-term refinance can include the payoff of a second mortgage if the second mortgage was used to purchase the home. A rate-and-term refinance does not allow for additional cash out — the loan amount is limited to the payoff of the current mortgage (and second mortgage used to purchase the home, if applicable), plus closing costs.


When you want to use the equity in your home for expenses.

A cash out refinance also replaces your current mortgage with a new one, but it’s coupled with a higher loan amount that allows for cash to be pulled out from the equity in the home.

  • Use the additional funds for home renovations, debt consolidation, college tuition or other needs.

  • Interest rates for cash-out refinances are generally higher, and there are stricter qualifying requirements than rate-and-term refinances. Cash out refinances also have lower loan-to-values (LTVs) than rate-and-term refinances.

  • With a cash out refinance, you can keep one monthly mortgage payment instead of adding a home equity loan or HELOC payment. Interest rates may be lower with a cash out refinance, however closing costs are typically higher.


What are your mortgage refinance options?

If you’re curious about how and why to refinance your mortgage, this blog shares the benefits of the two refinance options, compares home equity loans to refinancing and explores how to figure out if refinancing your mortgage is in your best interest.

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Ready to refinance?

Commonly asked questions

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Meet Our Team

We're here to answer all your mortgage questions.

When you're talking mortgage loans — also known as “a big deal” — you want to talk to a real, live human being. A local one is even better. Our experienced, award-winning team of mortgage lenders is here and happy to serve you. Because when it comes to Colorado mortgages, sharing our knowledge with you is one of our favorite parts of the job.

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