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Refinance

Refinance — only when it's actually the right move.

Lower your monthly payment, shorten your term, or pull cash from your equity. We'll show you the math and tell you straight whether refinancing makes sense right now.

Start your refinance quoteCall (704) 800-4719

Is now the right time?

Refinancing makes sense when the new rate, term, or cash-out is materially better than what you have today — and when the closing costs are recovered in a reasonable window. We'll run the numbers with you, including the break-even, before any application paperwork.

What we look at

Current rate vs. available rate. Remaining term. Closing costs. How long you plan to stay. Any second mortgage or HELOC. Tax and insurance escrow. Whether a HELOC or second mortgage might be better than a full refinance.

What you'll need

Recent pay stubs, two years of W-2s or 1099s, two months of bank statements, ID, and your current mortgage statement. We'll send a clean list once we know your situation.

Highlights

What you should know

Rate & term

Replace your current loan with a new one at a better rate or different term.

Cash-out

Pull cash from your equity for renovations, debt consolidation, or major needs.

FHA & VA streamline

Streamlined refinance options for eligible existing FHA and VA loans, where applicable.

FAQ

Frequently asked questions

Should I refinance my mortgage right now?
Refinancing makes sense when the new rate, term, or cash-out is materially better than what you have today, and when the closing costs are recovered in a reasonable window. We'll model your break-even and tell you straight whether it's actually worth it.
How does a cash-out refinance work?
A cash-out refinance replaces your existing mortgage with a new, larger one, and you receive the difference in cash at closing. The cash can fund renovations, debt consolidation, or major expenses. Loan-to-value caps apply (usually up to 80% of the home's value for owner-occupied properties).
What are typical closing costs to refinance?
Refinance closing costs typically range from 2% to 5% of the loan amount and include lender fees, title insurance, appraisal, and recording. Some loans allow you to roll the costs into the new loan, but that increases your principal balance. We'll lay it all out before you commit.
How long does a refinance take?
Most refinances close in 30 to 45 days from application. Streamlined products like the FHA Streamline or VA IRRRL can close faster because they often skip the appraisal and require less documentation.
Do I need a new appraisal to refinance?
Usually yes for conventional and standard refinances, but not always. Streamline refinances (FHA Streamline, VA IRRRL) typically don't require an appraisal. Some conventional refinances also qualify for an appraisal waiver based on automated valuation.
What's the rule of thumb for when to refinance?
The classic rule was "refinance if you can drop your rate by at least 0.75% to 1%," but the actual answer depends on closing costs, how long you'll stay in the home, and your remaining loan term. We'll run the real math with your numbers.
Can I refinance with bad credit?
Sometimes, depending on how bad and which program. FHA, VA, and USDA programs are typically more credit-flexible than conventional. We'll review your credit profile and show you what's actually available before any application paperwork.
Will refinancing reset my mortgage to 30 years?
Only if you choose a 30-year term. You can refinance into a 30-, 25-, 20-, 15-, or 10-year fixed (and other terms with some lenders). Many homeowners refinance into a shorter term to save on total interest.

Talk it through with our team.

Five minutes on the phone, or a few questions online. No pressure, no credit pull required.

Start your refinance quote Call (704) 800-4719