Your mortgage was right for then.
Let’s make it right for now.
Rates change. Equity grows. Life happens. Refinancing lets your mortgage catch up — whether that means a lower payment, cash for your goals, or a faster path to owning your home outright.
What’s your refinance goal?
Every refi starts with a “why.” Pick yours.
💵 Lower My Payment
A rate-and-term refinance swaps your current rate for a better one. A drop of even 0.5–0.75% can mean serious monthly savings.
🏡 Cash Out My Equity
Home equity is at record highs. Turn part of yours into cash for renovations, debt consolidation, or your next investment.
⏱️ Pay Off Faster
Refinance from a 30-year into a 20- or 15-year term. Higher payment, dramatically less interest, mortgage-free years sooner.
🔒 Ditch the ARM
Adjustable rate about to reset? Lock in a fixed rate and make your payment predictable for the life of the loan.
✄️ Remove PMI or MIP
If your home’s value has climbed, refinancing can drop private mortgage insurance — or move you out of FHA insurance entirely.
Is refinancing worth it? Do the exact math.
Forget rules of thumb — one number tells you almost everything: your break-even point. That’s how long it takes for monthly savings to repay your closing costs (typically 2–5% of the loan).
Example: $6,000 in costs ÷ $200 saved per month = 30 months. Staying longer than 30 months? The refi pays for itself — every month after is pure savings. Most lenders like to see break-even at 36 months or less.
A refi usually makes sense when…
- Your current rate is 0.5–1% higher than today’s rates — check today’s rates
- You’ll stay in the home 2–3+ years beyond your break-even point
- Your credit score has improved since you got your original loan
- Your home’s value has risen enough to cut PMI or unlock equity
- You can keep a similar or shorter term than what remains on your loan
Planning to move within 2–3 years? Refinancing is usually not worth it — closing costs will eat the savings. An honest lender will tell you that. We just did.
Get Your Exact Refi Check-Up
Send us your current rate, balance, and goal. We’ll run your break-even math, compare programs, and tell you plainly whether refinancing makes sense — even if the answer is “not yet.”
Start My Free Check-Up
Book a Consultation
Takes about 2 minutes. No credit impact to get an estimate.
How refinancing works
Simpler than your first mortgage — most refis close in 30–45 days.
Refinance questions, exact answers
Will refinancing hurt my credit?
Expect a small, temporary dip from the credit check — typically a few points that recover within months. The long-term savings usually far outweigh it.
How much equity do I need to cash out?
Most programs let you borrow up to 80% of your home’s value. Your available cash is that limit minus your current balance. See the cash-out guide →
What documents will I need?
Pay stubs, W-2s or tax returns, bank statements, and your current mortgage statement. Self-employed or investor? Ask about DSCR and bank-statement options.
Can I refinance an FHA loan?
Yes — FHA streamline refis skip much of the paperwork, or you can refinance into a conventional loan to remove mortgage insurance for good.
What does it cost?
Typically 2–5% of the loan amount, and some options roll costs into the loan so you pay little or nothing upfront. We’ll show you both ways, side by side.
New to the process?
Start with our free guides on rates, equity, and the loan process in the Learning Center, or decode any term in the glossary.
The best day to check your rate was yesterday.
The second best is today.
Rates move daily. A 2-minute check now could save you thousands over the life of your loan.
Still exploring? Visit the Learning Center or try the payment calculator.