Optimize Your Current Mortgage
Mortgage Optimization Review
It's not just about rates. Discover opportunities to remove MI, consolidate debt, change terms, or access equity for your next project.
Rates, terms, and approval subject to change. See Licensing for full disclosures.
Beyond Rate Shopping
A mortgage review looks at your complete financial picture to find optimization opportunities.
Rate Improvement
Lower your rate if current market conditions are favorable.
MI Removal
Eliminate mortgage insurance if your equity has increased.
Debt Consolidation
Roll high-interest debt into your mortgage at a lower rate.
Term Change
Shorten or lengthen your term to adjust monthly payments.
Cash-Out for Renovation
Access equity to fund home improvements or ADU construction.
HELOC vs Cash-Out Analysis
Compare options to access equity the smart way.
Start Your Mortgage Review
Book a 30-minute call with Tyler. He'll look at your current loan, equity position, and goals to find any optimization opportunities worth acting on.
Signs It's Time for a Mortgage Review
Your mortgage should work for your current situation, not the situation you had when you first bought.
Refinance & Mortgage Review FAQs
Common questions about optimizing your current mortgage.
When does refinancing make sense?
Refinancing typically makes sense when you can lower your rate by 0.5-1% or more, remove PMI, consolidate high-interest debt, or access equity for major expenses. We'll analyze your specific situation to determine if refinancing is beneficial.
What's the difference between a cash-out refinance and a HELOC?
A cash-out refinance replaces your existing mortgage with a new, larger loan and gives you the difference in cash. A HELOC is a separate line of credit secured by your home that you can draw from as needed. Each has advantages depending on your goals.
How do I know if I can remove mortgage insurance?
You may be able to remove PMI if your home has appreciated and you now have at least 20% equity, or if you've paid down your loan to 80% of the original value. We can help determine your current equity position.
Will refinancing restart my 30-year mortgage?
Not necessarily. You can refinance into a shorter term like 15 or 20 years, or choose a term that matches your remaining years. We'll discuss term options that align with your goals.
What are closing costs for a refinance?
Closing costs typically range from 2-5% of the loan amount and include appraisal, title insurance, and lender fees. We'll provide a detailed cost breakdown and help you determine if the savings outweigh the costs.
Can I do a cash-out refinance on a jumbo loan?
Yes, cash-out refinancing is available for jumbo loans, though there may be different requirements and limits compared to conforming loans. We specialize in jumbo refinancing and can discuss your options.
DISCLOSURE: Refinancing may result in higher total finance charges over the life of the loan. Not all borrowers will qualify for refinancing. Actual savings depend on your specific situation, current rate, and loan terms. Consult a financial advisor before consolidating debt into your mortgage. All loans subject to credit approval and property appraisal. Rates subject to change without notice. Tyler Shearer NMLS #1717959 | Gesa Credit Union NMLS #410395. Equal Housing Lender.