Refinance Your Mortgage
Refinance & Save
Lower your rate, remove PMI, access equity, or consolidate debt. Discover what refinancing can do for you.
Rates, terms, and approval subject to change. See Licensing for full disclosures.
Refinance Options
There are many ways refinancing can work for you. Let's find the right fit.
Rate & Term Refinance
Lower your rate or change your loan term to save money over time.
Cash-Out Refinance
Access your home equity for renovations, debt consolidation, or investments.
Remove PMI
Eliminate mortgage insurance if your home has appreciated.
Term Reduction
Pay off your home faster by switching to a 15 or 20-year term.
HELOC
Open a line of credit against your equity for flexible access to funds.
Debt Consolidation
Roll high-interest debt into your mortgage at a lower rate.
Signs It's Time to Refinance
Your mortgage should work for your current situation, not the one you had when you first bought.
See If Refinancing Fits
Tyler will run the numbers and show you whether a refi saves you money over the life of your loan.
Refinance FAQs
Common questions about refinancing your 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.
How long does a refinance take?
A refinance typically takes 30-45 days from application to closing. Some streamline options may be faster. We'll keep you informed throughout the process.
DISCLOSURE: Refinancing may result in higher total finance charges over the life of the loan. Cash-out refinancing increases your loan balance and may result in higher monthly payments. Debt consolidation does not eliminate debt but transfers it to your mortgage; consult a financial advisor. Home Equity Line of Credit (HELOC) rates are typically variable and may increase. All loans subject to credit approval, property appraisal, and meeting lender requirements. Rates and terms subject to change. Tyler Shearer NMLS #1717959 | Gesa Credit Union NMLS #410395. Equal Housing Lender.