Why Refinance? / Rate & term
Lower your rate or payment
A rate-and-term refinance only makes sense when the break-even is clear. We look at rate, APR, costs, how long you will keep the loan, and whether waiting is smarter.
What this usually involves
- • Rates have moved since you closed
- • You want a lower payment or shorter term
- • You can stay in the loan long enough to recoup costs
Usually a fit if
- • Primary, second home, or investment property with a clean file
- • Stable occupancy and documentation
May not be a fit if
- • You plan to sell or move very soon
- • Costs wipe out any real savings
FAQ
How do I know if it is worth it?
Break-even: months of savings vs closing costs, compared with how long you will keep the loan. That math comes before any application.
Send the situation
A short text with rough numbers is enough. Or take the Refinance Quiz.