Skip to main content

What are you looking for?

Buy a homeRefinanceGet cash
  • Sign in
Find my loan path

Refinance

Refinance your mortgage — including the Non-QM loan you already have

Refinancing isn't just for rate-drops. Pull cash out to fund your business. Drop PMI. Refi out of hard money. Move from a Non-QM into a better Non-QM. Or take a Non-QM down to a conventional now that your income shows.

Find my loan pathCompare all programs

Who this is for

  • Business owners with cash trapped in home equity that should be funding growth
  • Borrowers currently paying PMI who have enough equity to drop it
  • Investors refinancing fix-and-flip hard money into long-term DSCR
  • Anyone whose Non-QM loan is now expensive relative to the current market
  • Borrowers whose tax returns finally reflect real income — time to refi to conventional
  • Owners of rental portfolios wanting to pull out equity without selling

Common loans for this journey

How Sunrise helps

  1. 1

    Identify your goal

    Lower rate, shorter term, cash out, drop PMI, or exit hard money — each goal leads to a different program. The matcher starts here, in under 5 questions.

  2. 2

    We read what you have

    We pull your current loan terms, analyze your equity position, and review your income documentation to identify where the new loan lands.

  3. 3

    We model the scenarios

    Rate-and-term vs cash-out. Conventional vs Non-QM. 30-year vs 15-year. We show you the realistic numbers side-by-side so you can make an informed decision.

  4. 4

    We execute the refi

    From application to close, one team manages the file. No hand-offs to processors you've never met. We close most refinances in 21–30 business days.

Real scenarios

The Non-QM borrower ready to go conventional

A business owner who used a bank statement loan three years ago has since filed two clean tax years that now show strong income. We refinanced her into a conventional 30-year at a meaningfully lower rate. Same loan officer, no new explanation of her business structure required.

The hard money investor going long-term

A real estate investor closed a fix-and-flip with bridge financing and completed the renovation. He needed to refinance into a permanent 30-year DSCR loan before the hard money came due. We closed the DSCR refi in 26 days — well before the bridge matured.

The business owner using equity for growth

A contractor had $400K in home equity and needed working capital to hire a crew and bid a large commercial contract. A cash-out refinance on a bank statement program pulled $320K out at a rate well below what a business line of credit would have cost.

Scenarios are illustrative composites. Actual results vary by borrower, property, and market conditions.

Frequently asked questions

Can I refinance a bank statement or DSCR loan?
Yes. We refinance Non-QM loans — ours and other lenders' — using the same bank statement, DSCR, 1099, and P&L programs we use for purchases. You don't need W-2 income or recent tax returns that show high income to refi a Non-QM.
How much equity do I need to refinance?
Requirements vary by program. Rate-and-term conventional refinances typically need at least 5–10% equity. Cash-out refinances usually require 20–25% equity remaining after the cash-out. DSCR cash-out refinances for investment properties often require 25–30% equity. We'll assess your current position and identify the programs you qualify for.
Can I take cash out even if I have a Non-QM mortgage?
Yes, cash-out refinancing is available on Non-QM loans. The program used for the new loan depends on your income documentation (bank statements, DSCR, 1099) and the property type. Many business owners use this route to access equity for business investment or property acquisition.
How do I know if refinancing makes sense right now?
A refinance makes sense if it lowers your rate by enough to recoup closing costs within your expected holding period, or if pulling cash out generates a better return than the cost of the debt. We model both scenarios and give you honest numbers — we're not incentivized to push a refi that doesn't pencil.
How long does a refinance take?
Most refinances close in 21–30 business days from application. Rate-and-term refinances on clean files are sometimes faster. Cash-out refinances with complex income documentation or appraisal challenges take longer. We'll give you a realistic timeline estimate at intake.
Can I drop PMI through a refinance?
If your equity has grown to 20% or more of the property's current value, a rate-and-term refinance on a conventional loan can eliminate PMI permanently. An appraisal is required to confirm the current value. This is often one of the most financially significant refinances an owner can do.

Ready to find your loan path?

Answer 5 questions. A licensed Sunrise loan officer reviews your match and reaches out within one business day. No credit pull, no tax returns required at this stage.

Find my loan path

Tools and resources

Information on this page is for general educational purposes and is not a commitment to lend or an offer of specific loan terms. Loan availability, rates, and qualifying requirements vary by borrower profile, property type, and state. Licensed mortgage origination requires a formal application and underwriting review.

Sunrise Lending is a mortgage brokerage. Equal Housing Opportunity. Matching rules are written and reviewed by licensed mortgage professionals; loan decisions are made by licensed mortgage professionals.