Name the goal first.
Are you trying to change your payment, repay the loan sooner, or discuss access to equity? Those goals can point toward different choices. Keep your current mortgage in the comparison.
Mortgage Refinance Options
A new mortgage should
serve a clear purpose.
Let’s look at your current loan, what you want to change, and the costs of making that change.
Talk about Refinance ↗Look beyond a lower payment.
A longer term may reduce the monthly payment while increasing total interest. Review closing costs, the remaining balance, the new term, and how long it would take to recover transaction costs.
A USEFUL FIRST CONVERSATION
Bring your questions.
We’ll start with what matters to you and explain the next step.
Helpful topics to have ready
- Your current mortgage statement and remaining term, for the secure review stage
- Your reason for considering a change
- How long you expect to keep the property and the loan
Keep sensitive documents for an approved secure application channel.
Your questions, answered.
Does refinancing always save money?
No. Savings depend on the complete terms and costs, not just a quoted rate. A refinance may not make sense if you will sell soon or transaction costs outweigh the benefit.
Should I refinance to access equity?
Compare a cash-out refinance with a HELOC or other alternatives. Consider how each affects your existing mortgage, payment risk, fees, and home equity.
Learn more: CFPB: should I refinance?
Let’s work through the details.
A conversation comes before choosing a loan.
Keep exploring
Ready for your next step?
Start your secure application or return to your borrower portal.