Plenty of lenders will refinance you into a worse position because the transaction pays them either way. We'll show you the actual math.
Homeowners sitting on equity, carrying expensive debt, or holding a rate they took when they had no other option.
Lower the rate, shorten the term, or drop mortgage insurance you no longer need to be paying.
Turn equity into a renovation, a rental down payment, or breathing room. Powerful, and worth doing carefully.
Roll high-interest debt into the mortgage. This is the one that needs the most honest math.
Here is the whole list up front. No drip-feeding requests across three weeks — you can have most of this together in an evening.
We run the real break-even. If it doesn't clear, we tell you and you keep your current loan.
If it makes sense, application and disclosures. Rate locked.
Appraisal ordered if one is needed. Underwriting starts.
Conditions cleared. Title work completed.
You sign. On a primary residence there's a three-day right of rescission before it funds.
Break-even. Take the total cost of the refinance, divide by what you save each month, and that's how many months until you're ahead. If you're likely to move before then, it isn't worth it. We run that number before you commit to anything, and we'll say so when it doesn't clear.
It can be, and it can also be a trap. You're converting unsecured debt into debt secured by your house, and stretching it over thirty years can mean paying more in total even at a lower rate. It works when it's paired with actually changing the spending. It fails when the cards get run back up.
Often, but not always. Some refinances qualify for an appraisal waiver depending on the loan type and how much equity you have. We find out early, because it affects both cost and timeline.
It depends on the loan and what you're doing. Rate-and-term can work with relatively little; cash-out generally needs more left behind. Some streamline options for VA and FHA loans have their own rules entirely.
It does if you take another 30-year term, and that's the part people miss. If you're eight years in, you can refinance into a shorter term and often keep a similar payment while saving years of interest. Worth doing the math on before defaulting to another 30.
We'll run your break-even and tell you straight whether it's worth doing.
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