Break-even first
Refinance
A refinance replaces your loan with a new one. It makes sense when the savings pay back the closing costs soon enough, so we work out that month with you before you decide.
Who it is for.
Rates have dropped
Your rate is higher than today's rates and you plan to stay in the home for a few more years.
A shorter term
You want to move from 30 years to 15 and pay less interest over the life of the loan.
Cash out
You have equity and want cash for a renovation or to pay off higher-interest debt.
What you will need.
Your current mortgage statement
Two recent pay stubs
Two years of W-2s
Homeowners insurance details
Photo ID
We send you a checklist after the first call, and you can upload everything securely.
An example.
30-year fixed
6.250%
Break-even in 35 months
Example only
A $320,000 balance moving from 7.125 percent to 6.25 percent saves about $186 a month, so $6,400 in closing costs is paid back in about 35 months. Example only, not a quote.
Two questions we hear.
How much does a refinance cost?
How soon can I refinance after buying?
Start with a free pre-approval.
It takes about 15 minutes online, and a loan officer calls you back the same business day.
Talk to Maya, Andre or Lin.