Mortgage Refinance
Replace your current mortgage with better terms. Lower your monthly payment, reduce your interest rate, shorten your loan term, or switch from an adjustable rate to fixed security.
Why Refinance?
Refinancing means replacing your existing mortgage with a new one. Homeowners refinance for many reasons, but the most common goals are lowering monthly payments, reducing total interest paid, or accessing equity built up in their home.
With mortgage rates fluctuating, now might be the right time to evaluate whether refinancing makes sense for your situation. Daniel Metri can run the numbers at no cost and show you exactly how much you could save.
Lower Your Rate
Reduce monthly payment
Shorten Term
Pay off faster, save interest
Lock In Fixed Rate
Switch from ARM to stable
Eliminate PMI
Drop mortgage insurance
When Does Refinancing Make Sense?
- Current rates are meaningfully lower than your existing rate
- You plan to stay in your home long enough to recoup closing costs
- Your credit has improved since you originally purchased
- You want to eliminate private mortgage insurance (PMI)
- You want to tap into home equity through cash-out refinancing
- Your adjustable-rate mortgage (ARM) is about to adjust higher
The Refinancing Process
Consultation
Daniel reviews your current mortgage and goals
Application
Submit application and required documentation
Appraisal
Property value verified (may use automated valuation)
Underwriting
Loan reviewed and conditions cleared
Closing
Sign documents, old loan paid off, new loan active
Pros & Cons
Advantages
- • Potentially significant monthly savings
- • Access to better loan terms
- • Opportunity to change loan type
- • Can eliminate PMI if equity reached
- • May consolidate debt (cash-out)
Considerations
- • Closing costs apply
- • Resets your loan term clock
- • Requires qualification again
- • May extend time to pay off home
- • Not always worth it for small savings
Disclaimer: All loan program information provided is for illustrative purposes only. Actual rates, fees, and terms are subject to change based on market conditions, creditworthiness, and other factors. A loan approval requires full application review, underwriting, and property approval. This is not a commitment to lend.