Refinancing only makes sense when it actually saves you something real. Tina runs your break-even point, puts it in writing, and gives you a straight recommendation — including “not yet” if that’s the honest answer. When the market shifts in your favor, she’ll reach out.
Rate-and-term refinance
Cash-out refinance: renovations, debt payoff, investments
PMI removal analysis
Break-even and lifetime savings math, in writing
Who it’s for: any homeowner wondering if today’s market can improve their position in any way.
Imagine $60,000 spread across credit cards and a line of credit at an average 22% interest. The minimum payments alone can run well over $1,500 a month — and most of it never touches the principal. Folded into a refinance at a typical mortgage rate, that same balance can cost a few hundred dollars a month instead, freeing up cash flow immediately.
Replace your current mortgage with a new, larger one (up to 80% of your home’s value) and use the difference to clear your debts.
Flexible, revolving access to your equity — pay down and re-borrow as needed.
Keep your great first-mortgage rate untouched and add a separate loan against your equity — useful when breaking your current term isn’t worth it.
Refinancing makes sense when rates drop (typically 0.5-1% lower), you want to shorten your loan term, remove PMI, or cash out equity. I run the exact math: comparing your current payment, new payment, closing costs, and breakeven point. If it doesn’t improve your situation, I tell you.
A rate-and-term refinance changes your rate or loan term without extracting equity. A cash-out refinance lets you borrow against your home’s equity. Cash-out refis typically have higher rates and stricter qualification because you’re borrowing more. Both have closing costs.
Yes. If your home has appreciated and you now have 20% equity, refinancing eliminates PMI. I calculate whether the savings justify closing costs. In many cases, it does—removing $200+ in monthly PMI is worth the refi.
Technically, you can refinance immediately, but most lenders require 6-12 months of payment history. Some super-aggressive lenders waive this for rate drops. I know which lenders offer what and position you to refinance as soon as it makes financial sense.
A 15-year refinance pays off faster and costs less in total interest, but your payment is higher. A 30-year refinance keeps payments low and preserves cash flexibility. I show you both scenarios side-by-side so you decide based on your goals and monthly budget.
