What does it meant to refinance?

Refinancing replaces your existing loan with a new one. Depending on the program and your goals, it can change your interest rate, monthly payment, repayment term, loan type, or the amount borrowed.

A lower payment or different rate doesn't automatically mean refinancing is the right move. Closing costs, the new term, how long you plan to keep the property, your equity, and total interest paid over time all factor into the decision.

This may be worth exploring if you:

• Want to compare your current mortgage with available options

• Are considering changing your rate, payment, or repayment term

• Want to explore an eligible cash-out refinance

• Need a different loan structure for a home or investment property

Common refinancing goals

• Adjusting the interest rate or monthly payment

• Changing the loan term or program

• Accessing eligible equity through a cash-out refinance

• Refinancing an eligible investment or commercial property

• Replacing an existing loan with a structure better aligned to current goals

What to expect

A refinance review typically considers credit, income or property cash flow, assets, debts, property value, equity, loan purpose, and occupancy, along with current program requirements. The new loan may include closing costs and could extend or shorten your repayment period.

I'll help you compare the proposed loan against your current financing so you can weigh the payment, costs, term, and potential break-even point. Approval and final terms are subject to lender underwriting.