Refinance
Refinance only when the math says yes
Rate-and-term, cash-out, FHA streamline and VA IRRRL options, with a break-even analysis every time.
The short version.
A refinance replaces your current mortgage with a new one. The right reason might be a lower rate, dropping FHA mortgage insurance, shortening your term, or pulling equity out for renovations or debt consolidation.
The wrong reason is a sales call. I run a break-even analysis on every refinance, showing how many months it takes for your savings to cover closing costs. If you are likely to move before then, I will tell you to wait.
Often the right fit for
- Homeowners with FHA mortgage insurance
- Renovation or debt consolidation
- Shortening to a 15-year term
What I handle for you.
- Break-even analysis before any application
- Rate watch alerts at your target rate
- Cash-out vs HELOC comparison
- FHA to conventional MI removal plan
- VA IRRRL and FHA streamline options
- Escrow and payoff coordination
Break-even review
Share your current statement and I show savings, costs and months to break even.
Lock at the right moment
Set a target and I will alert you when pricing reaches it.
Close from home
Many refinances close with a mobile notary at your kitchen table.
Why borrowers choose it.
Lower payment
Reduce rate or drop mortgage insurance for immediate savings.
Access equity
Fund renovations, tuition or consolidate higher-rate debt.
Pay off sooner
Move to a 15 or 20-year term and save on total interest.
What moves your approval and price.
These are the factors I review first. Every lender adds its own overlays, which is why comparing matters.
| Factor | What to know |
|---|---|
| Equity | More equity means better pricing and no mortgage insurance. |
| Seasoning | Most cash-out refinances need 6 to 12 months of ownership. |
| Closing costs | Typically 2% to 3% of the loan, which may be rolled in. |
| Break-even | The months needed for savings to recover costs. |
Refinance questions, answered.
Still wondering about something specific? Text or call and you will hear back from Marcus, usually within two hours.
There is no magic number. It depends on your balance, costs and how long you will stay. The break-even calculator on this site shows the math in under a minute.
Timing often means you skip one mortgage payment, but it is rolled into the new loan as interest, not truly free.
A credit inquiry may lower your score a few points temporarily. Multiple mortgage inquiries within 45 days count as one.
Related programs.
Conventional loan
As little as 3% down for first-time buyers, mortgage insurance that falls off, and terms from 10 to 30 years.
Explore Conventional
VA loan
No down payment, no monthly mortgage insurance and funding fee exemptions for disabled veterans.
Explore VA
DSCR investor loan
Qualify with the property's rent instead of personal income. LLC vesting and short-term rentals allowed.
Explore DSCR investor
A note from Marcus
Get real answers in twenty minutes.
No credit pull, no pressure. Bring your questions and leave with a clear plan and real numbers.