Refinance Advisor
Refinancing replaces your existing mortgage with a new one — ideally at a better rate, shorter term, or with cash back from your equity. Whether you want to lower your monthly payment, pay off your home faster, or fund a major expense, this guide helps you understand your options and decide if refinancing makes sense for you.
Should I Refinance? Checklist
Check every statement that applies to your situation. The more boxes you check, the stronger the case for refinancing.
Refinancing may not be the right move yet
0 of 8 factors in your favor. Talk to a Mortgage Consultant to review your full picture.
Break-Even Calculator
Enter your loan details to estimate your monthly savings and how long it takes to recoup closing costs.
Monthly Savings
$156
Break-Even Point
39 mo.
5-Year Net Savings
$3,375
* Estimates are based on interest-only approximations for illustration purposes. Actual savings depend on loan term, amortization, and final closing costs. Contact us for a precise analysis.
Types of Refinance Loans
Best for
Homeowners whose credit or market rates have improved since they got their original loan.
Potential benefit
A 1% rate reduction on a $250,000 loan saves roughly $150/month — over $54,000 across a 30-year term.
What to watch
Closing costs typically run 2–5% of the loan amount. Calculate your break-even point: divide closing costs by monthly savings to see how many months until you come out ahead.
Typical requirements
Minimum 620 credit score, at least 3–5% equity, stable income, and debt-to-income ratio below 43%.
Ready to see what you qualify for?
Our Mortgage Consultants will pull your current loan details, run the numbers, and tell you honestly whether refinancing makes sense for your situation.
(262) 370-1128