Refinance with a plan, not just a rate
A refinance should move you closer to a goal: paying off your home sooner, dropping mortgage insurance or freeing up cash. I’ll show you the numbers so you can see whether it’s worth it before you decide.
Reasons homeowners refinance
Change your rate or term
If rates have changed since you bought, a new loan may lower your monthly payment or shorten the time it takes to pay off your home.
Drop mortgage insurance
If your home’s value has gone up, you may have enough equity to refinance out of PMI or FHA mortgage insurance.
Use your equity
A cash-out refinance can pay for a remodel, college or another big goal. Sometimes a HELOC or the All In One Loan is the better fit, and I’ll compare them side by side.
Simplify your debt
Rolling higher-interest debt into your mortgage can make your monthly budget easier to manage. We’ll look at the long-term cost too, so you know the full trade-off.
The Mortgage Efficiency Checkup
When we close your loan, we set a clear goal for it. After that, I check in regularly to see whether your mortgage is still working as hard as it can for you.
We look at your current rate, your equity, your goals and what’s changed in your life. Sometimes the answer is to refinance. Often it’s to stay put, and I’ll tell you that too.
When refinancing doesn’t make sense
A refinance has closing costs, so it only pays off if you keep the new loan long enough to make up for them. I’ll show you your break-even point, which is how many months it takes for the savings to cover the costs.
If you’re planning to move soon, or the savings are too small to matter, I’ll tell you. Starting a new loan also resets your payoff clock, so we’ll make sure the trade-off fits your plan.
Find out if a refinance is worth it for you
We’ll look at your current loan and your goals together. No pressure, and booking a call doesn’t touch your credit.
Or call me at 310-567-6988