PRIMARY-RESIDENCE FINANCING
Refinance
Make the next loan serve the life you have now.
How it works
A refinance replaces an existing mortgage with a new one. Homeowners may evaluate a different rate, term, loan structure, or access to equity, depending on eligibility and available programs.
Understand the tradeoffs
Compare closing costs, remaining repayment time, monthly savings, and lifetime interest. A lower payment created by a longer term can cost more overall. Cash-out increases the debt secured by your home.
What to prepare
Current mortgage statement, payoff information, income records, insurance, assets, and an estimate of the home value.
Your next conversation
Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.