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Mortgage Refinancing Solutions

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Save on your next refinance with Schmidt Mortgage Company! Whether you are looking to refi to a lower interest rate, shortern the term of your loan, or are seeking to cash out some of the equity in your property, we can help. At Schmidt Mortgage Company, we’ll assist you in evaluating the pros and cons of refinancing and finding the right loan program to help you meet your goals.

Ways to Get Started

  • Call (800) 686-3600 for a free refinance quote and consultation.
  • Find a local branch near you
  • Just looking for a quick rate quote? Complete the form on this page and one of our licensed Ohio mortgage professionals will contact you with program and pricing information.

More on Mortgage Refinancing with Schmidt Mortgage Company

Why Consider Refinancing Your Home?

  • Lowering Your Monthly Payment: Interest rates are still near historic lows. Contact us to see if we can help you refinance and lower your rate.
  • Shorten the Term of Your Loan: Refinancing to a shorter amortizing term can save you thousands, if not tens of thousands of dollars over the life of your loan. If you currently have a 30 or 20 year mortgage, contact us to see what you might save with a 15 or 10 year fixed rate solution.
  • Moving Over to a Fixed Rate Product: Near the end of the introductory rate period with an adjustable rate mortgage? If so, now may be the perfect time to refinance to a fixed rate product.
  • Cash Out Refinancing: Sending a child off to college? Ready to do some remodeling? Want to consolidate some other debt at a higher interest rate? No matter your reason, we can help you determine if a cash out refinance is a viable solution to achieving your financial goals.

Types of Properties We Refinance

  • We can refinance most types of 1-4 unit residential properties. Certain restrictions may apply.
  • We have refinance programs for primary residences, second homes, and investment properties.

Popular Refinance Products

  • Conventional Fixed Rate Home Loans – Our most popular products. Available in 30, 20, 15, and 10 year amortization terms. Principal and interest payments are consistent throughout the lives of the loans.
  • FHA Loans – If you currently have an FHA loan, you may be able to refinance with low closing costs using an FHA streamlines refi. If you are looking to cash out some of the equity in your home, FHA loans allow for a higher cash out limit compared to most conventional options.
  • VA IRRRL Loans –   The VA streamline loan program can help borrowers with VA loans take advantage of lower interest rates without some of the expenses typically associated with refinancing.

Why Consider Schmidt Mortgage Company for Your Refinance

  • Experience: Since the 1940s Schmidt Mortgage Company has been helping Ohio homeowners with their home financing needs.
  • Programs: We offer a wide variety of programs to better help our customers find the most effective solution for their goals.
  • Service: At Schmidt Mortgage Company, we serve borrowers throughout the entire State of Ohio. We have multiple branches for customers who prefer to meet in person.

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
Branch Information

Join the Team

At Schmidt Mortgage we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package. Contact us for more information.