Traditional Refinancing in Chicago –

Find Out If It's Right for You

If you're already a homeowner, you can refinance your home to get a lower rate, shorten your term, or consolidate debt. At ZIMA, we'll explain if this makes sense for your financial future.

When is it a good idea to refinance?

If you can significantly lower your mortgage rate (≥ 0.5% difference).
If you want to switch to a shorter term (15 years instead of 30).
If you want to consolidate debts with a better rate.
If you plan to stay in your home for at least a few years (to amortize closing costs).

Key factors to consider

Closing costs: These typically range from $2,000 to $6,000 in Illinois, although less than an initial purchase (~$5,900).
Credit impact: Opening a new mortgage may temporarily lower your score.
Home appraisal: Some options require an appraisal, but others, such as streamlines, do not. If the appraisal is low (<75% LTV), the refinance can be canceled.

Main benefits with ZIMA

We explain it to you in Spanish and without technical jargon.
We provide support from evaluation to closing.
You decide to explore first (educate yourself) or move forward with advice.
Personalized assistance based on your
profile (FHA, conventional, available equity, etc.).

I want to know if it's worth refinancing my house.

We advise you: We review your credit profile, income, immigration status, and personal goals.
We evaluate which programs you can combine: FHA + IHDA, or VA + local aid, for example.
We create a financial plan: how much you need as a down payment, how much you can afford, and how to save.
We connect you with expert agents in Chicago/Arizona for the purchase.

I want to know if it's worth refinancing my house.

Contact Information

Dirección: 1000 Essington Rd, Joliet, IL 60435

(331) 401-0055

[email protected]

Accesibility Statement

Licensing

Zima Mortgage is a trusted mortgage company committed to helping individuals and families across Illinois and Arizona achieve their dream of homeownership. With a strong focus on community, personalized service, and integrity, Zima Mortgage offers a wide range of home loan solutions tailored to meet each client’s unique needs. Whether you're a first-time homebuyer or refinancing your current home, our experienced team is here to guide you every step of the way—making the mortgage process simple.