Refinance & Equity
Mortgage Refinance
Replace your current loan to change your rate, term or payment.
What it is
A refinance replaces your current mortgage with a new one. People refinance to change their rate, lower a payment, shorten the term or drop mortgage insurance.
Who it's great for
- Homeowners whose situation has changed
- Removing FHA mortgage insurance
- Paying off a home sooner
Key features
- Rate-and-term options
- Shorten or extend your term
- Remove mortgage insurance
General requirements
- Equity in your home
- Income and credit documentation
- Appraisal (sometimes waived)
- Closing costs, which can often be rolled in
General guidelines only. Every loan is subject to credit approval, underwriting and property review. Not a commitment to lend.
Common Questions
When does refinancing make sense?
When the savings outweigh the costs within the time you'll stay. I'll do the math with you.
Will it restart my loan?
You choose the new term. It doesn't have to be 30 years.
Are there closing costs?
Yes. I'll show them upfront and options to reduce them.
How long does it take?
Often 3-5 weeks.
Is a Mortgage Refinance Right for You?
Let's talk about your situation. Honest answers, no pressure.
NMLS #172296 | Licensed in Colorado