MortgageFi · Financing with perspective.
A broader view.
A considered beginning.
Rate & term refinance
Review replacing the existing mortgage to change its rate, term, or structure. Compare closing costs and the time you expect to keep the loan.
A considered fit.
Homeowners evaluating a change to an existing first mortgage.
The details that matter.
- A lower payment can result from a longer term and increase total interest.
- Closing costs and break-even timing matter.
- A refinance is subject to current underwriting and valuation.
Prepare for the conversation.
- Current mortgage statement
- Income and asset documentation
- Property value estimate
This is an initial discussion checklist. The applicable lender may require additional documents and uses its own eligibility and calculation rules. Do not send sensitive documents through this preview.
A broader view.
More possibilities.
Cash-out refinance
Explore a new mortgage that pays off existing liens and may provide cash from available equity. Compare it with keeping the first mortgage and adding a second lien.
Home equity line of credit
A HELOC is a revolving line secured by your home. Compare access to funds with its rate structure, draw period, and repayment obligations.
Home equity loan / second mortgage
Explore a closed-end home equity loan while retaining the existing first mortgage. Review its payment and costs together with every lien on the home.
Your next chapter.
Consider the possibilities.
Begin with a goal. Explore your possibilities. Prepare for the conversation.