Refinance · Lower payment, pay off faster, or access equity
A refinance should do more than change your rate. It should support your bigger picture—whether that’s lowering your payment, paying the home off sooner, or putting your equity to work for what matters most.
Every refinance is a little different. We’ll look at the math, your goals, and your timeline so the plan fits real life—not just a spreadsheet. If you like to dig in first, you can also start with the Refinance Guide for a deeper walkthrough.
All loans subject to approval. Equal Housing Lender. This is not a commitment to lend or an offer to extend credit.
Coaching insight
Refinancing is about aligning your mortgage with your current season of life. It can be a smart move for homeowners who want to lower their payment, pay off the home sooner, or rework debt in a more strategic way.
You’d like more monthly breathing room and want to explore lowering your rate, adjusting your term, or consolidating higher-interest debts into one payment.
You’ve built equity and want to use part of it for renovations, repairs, tuition, or other goals, while keeping an eye on long-term interest costs.
You’re thinking ahead about retirement, payoff timelines, and financial flexibility, and want your mortgage to support that bigger plan.
How it works
A refinance replaces your current mortgage with a new one. That new loan can adjust your interest rate, loan term, and in some cases your loan amount if you’re accessing equity.
We’ll look at both the math and your real-world plans before recommending a refinance path. Sometimes the best advice is to stay put—and that’s part of the conversation too.
Strategy paths
Not every refinance looks the same. Here are a few of the ways homeowners use refinancing to reshape their mortgages.
Every scenario has trade-offs. We’ll walk through payment, interest cost, and flexibility so you can choose what aligns with your priorities.
Cash to close
Refinances come with closing costs, just like your original purchase. The key is understanding how they’re paid and how long it takes to recoup them through lower payments or interest savings.
The right move isn’t just about the lowest rate—it’s about total cost, flexibility, and how the loan fits your life.
Quick answers
A quick snapshot of the questions that come up most often when we talk about refinancing—costs, timing, equity, and how it fits into your bigger financial picture.
Refinancing means paying off your existing mortgage with a new one. The new loan can have a different rate, term, loan type, and—if it’s a cash-out refinance—a higher balance with funds back to you at closing. Your old loan is replaced; it doesn’t stay in place behind the scenes.
Closing costs can include lender fees, third-party services (like appraisal and title), and any prepaid taxes or insurance. We’ll estimate your costs up front and calculate a break-even point so you can see how long it takes for the monthly savings to outweigh the upfront cost.
Many refinances do require an appraisal, but there are programs that may allow appraisal waivers or alternatives, depending on your loan type, equity position, and investor guidelines. We’ll let you know early on what to expect for your specific scenario.
Timelines vary, but many refinances close within a few weeks once your application and documents are complete. A clean file, quick responses to any conditions, and clear communication all help keep things moving smoothly.
Yes. If you have enough equity and the numbers make sense, a cash-out refinance can roll higher-interest balances into one new mortgage payment. We’ll compare interest rates, total costs, and your long-term goals before recommending that path.
Share a copy of your current mortgage statement and your goals. We’ll run the numbers and walk you through a clear side-by-side comparison—no pressure, no sales script.
Programs, rates, and terms are subject to change without notice. Eligibility, underwriting requirements, and available options vary by lender, investor, and location. Not a commitment to lend. All loans subject to credit and collateral approval. All loans subject to approval. Equal Housing Lender.