Rate-and-term refinance
Change the mortgage only when the trade-offs make sense.
A place to call home.
How this option works
A refinance replaces an existing mortgage. A rate-and-term refinance focuses on changing the rate, term or structure; a cash-out refinance also accesses equity. Compare the new balance and lifetime cost with keeping your current loan.
When to discuss it
Homeowners considering a different payment, payoff timeline or use of equity.
What to compare
Closing costs, break-even, remaining term and total interest. A lower payment can still increase the total cost.
Eligibility, availability and terms require lender review.
Want to see how this could fit your plans?
Discuss this optionQuestions
Straight answers
When is a refinance worth it?
When the monthly savings repay the closing costs well before you expect to sell or refinance again. We will show you that break-even month in writing.
Get started
Talk through this option with Ian
Share your goal and how to reach you. This is a contact request, not a loan application or credit check.
- No cost and no obligation
- Answered by Ian, not a call center
- Your information is never sold
