Refinance

Refinance

Refinancing can lower your payment, shorten your term, consolidate debt, or unlock equity. The right move depends on your numbers.

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Who it's best for

  • Lowering a rate or monthly payment
  • Cashing out equity for goals or renovations
  • Consolidating higher-interest debt

At a glance

Types
Rate & term, cash-out
Goal
Payment, term, or equity
Review
Run the break-even math first

Eligibility Snapshot

The numbers that matter for a refinance

General guidelines. Your exact terms depend on your full profile. We confirm current figures for your scenario before you rely on any of them.

Types
Rate & term, cash-out, and streamline (FHA/VA)
Equity for cash-out
Typically keep 20% equity after cash-out
Credit score
Varies by type; better scores improve pricing
Appraisal
Usually required; some streamlines waive it
Key math
Break-even = closing costs ÷ monthly savings
Property use
Primary, second home, or investment

How It Works

Your refinance, step by step

  1. 1

    Set the goal

    Lower payment, shorter term, drop mortgage insurance, or pull cash. Your goals drive the structure.

  2. 2

    Run break-even

    We divide your closing costs by monthly savings to see how fast the refinance pays for itself.

  3. 3

    Application & disclosures

    You apply and receive a Loan Estimate showing the new rate, payment, and costs.

  4. 4

    Appraisal & processing

    We order an appraisal if required and verify income, equity, and title.

  5. 5

    Underwriting to clear-to-close

    Underwriting approves the file and we schedule your signing.

  6. 6

    Closing & rescission

    On a primary residence you get a 3-day right to cancel before the loan funds.

Be A Sharp Borrower

What to ask any lender about this loan

Good questions get you better answers, and a better loan. Bring these to any conversation, including ours.

  • What is my break-even point, and will I keep the home longer than that?

  • Will refinancing reset my term and how does that affect total interest paid?

  • Can I remove mortgage insurance by refinancing, and is it worth it?

  • For a cash-out, how much equity must I leave in the home?

Common Questions

Refinance FAQs

Should I refinance right now?
It depends on your current rate, your goal, and how long you will keep the home. We run the break-even math before recommending anything.
What is a cash-out refinance?
It replaces your mortgage with a larger loan and returns the difference to you in cash, useful for renovations or consolidating higher-interest debt. Most programs require you to keep about 20% equity.
How do I calculate my refinance break-even point?
Divide your total closing costs by your monthly payment savings. If costs are $4,000 and you save $200 a month, you break even in 20 months and It is worthwhile only if you will keep the home longer than that.
Will refinancing reset my loan term?
It can. Refinancing into a new 30-year loan restarts the clock, which lowers the payment but can raise total interest. We can also refinance into a shorter term to pay off faster.
Can I refinance to remove mortgage insurance?
Yes, a common reason FHA borrowers refinance into a conventional loan once they have 20% equity is to drop mortgage insurance. We confirm the savings pencil out first.
How long does a refinance take?
It varies by file, appraisal, and documentation, but many close within a few weeks. We set a realistic timeline up front and keep you updated throughout.

Other programs

Purchase

Conventional Loans

The flexible standard for buyers with steady income and solid credit.

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Purchase

FHA Loans

Lower down payments and more flexible credit guidelines, backed by the FHA.

Learn more
Purchase

VA Loans

Zero-down financing earned by veterans, active-duty service members, and spouses.

Learn more

Let’s find the loan that fits your situation.

Apply online in minutes, or call and talk it through.

Get Started(602) 290-0897