Refinance Your Mortgage
Lower your payment, tap equity, or switch loan products. Get a personalized refinance analysis.
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Why Refinance Your Mortgage?
Refinancing can help you save money, access equity, or change your loan terms to better fit your financial goals.
Lower Your Rate
Reduce your interest rate and monthly payment to save thousands over the life of your loan.
- Lower monthly payments
- Reduce total interest
- Build equity faster
Cash-Out Refinance
Tap into your home equity to fund home improvements, debt consolidation, or other expenses.
- Access home equity
- Lower interest rates
- Consolidate high-interest debt
Change Loan Terms
Switch from ARM to fixed-rate, shorten your term, or adjust your loan structure.
- Rate stability
- Faster payoff
- Payment predictability
Types of Refinancing
Choose the refinance option that best fits your financial situation and goals.
Rate & Term Refinance
Lower your interest rate or change your loan term without taking cash out.
Key Features:
- Reduce monthly payment
- Lower interest rate
- Change loan term (15, 20, 30 years)
- Switch from ARM to fixed-rate
Best For:
Homeowners who want to save money on their monthly payment
Cash-Out Refinance
Borrow more than you owe and receive the difference in cash.
Key Features:
- Access home equity
- Lower interest rates than credit cards
- Tax-deductible interest
- Single monthly payment
Best For:
Homeowners with equity who need cash for major expenses
FHA Streamline Refinance
Simplified refinance for existing FHA borrowers with minimal documentation.
Key Features:
- Reduced documentation
- No appraisal required
- Lower closing costs
- Faster processing
Best For:
Current FHA borrowers with good payment history
VA IRRRL
Interest Rate Reduction Refinance Loan for eligible veterans and service members.
Key Features:
- No down payment required
- No PMI required
- Lower interest rates
- Streamlined process
Best For:
Eligible veterans and active-duty service members
MI Removal Strategies
Reduce or remove mortgage insurance when you qualify. Conventional PMI can often be removed at 20% equity; FHA MIP typically requires refinancing into a conventional loan (or specific FHA rules).
Conventional PMI Removal
- Reached ≤80% LTV based on current value (appraisal)
- No late payments in the past 12 months
- Seasoning met per investor/servicer rules
FHA MIP Options
- FHA Streamline for rate/term (MIP remains)
- Refinance to Conventional once eligible LTV and credit are met
- Review current MI factor and payoff timeline
Calculate Your Savings
Use our refinance calculator to see how much you could save with a lower interest rate.
Refinance Breakeven Calculator
Calculate potential savings from refinancing your current mortgage and find your break-even point.
When Should You Refinance?
Consider these factors to determine if refinancing makes sense for your situation.
Good Reasons to Refinance
- Interest rates have dropped by 0.5% or more
- You can break even within 2-3 years
- You want to switch from ARM to fixed-rate
- You need cash for home improvements
- You want to consolidate high-interest debt
- You want to shorten your loan term
When Not to Refinance
- You plan to move within 2 years
- Closing costs exceed potential savings
- You're close to paying off your loan
- Your credit score has dropped significantly
- You're underwater on your mortgage
- You can't afford the closing costs
Pro Tip: The Break-Even Rule
Generally, refinancing makes sense if you can recover the closing costs through monthly savings within 2-3 years. Use our calculator to find your specific break-even point.
Ready to Refinance?
Lower your payment, tap equity, or switch loan products. Get a personalized refinance analysis.