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Hometown Mortgagehome
Refinance Loan

Refinance

Lower your rate, shorten your term, or pull cash out, we'll run the numbers honestly.

Refinancing only makes sense if the math works. We'll tell you straight up, including if it doesn't.

About Refinance

A refinance replaces your existing mortgage with a new one, ideally on better terms. We run the full break-even math so you know exactly when the new loan pays for itself before you sign anything.

Key benefits

Rate-and-term refinance

The classic refi. Replace your current rate and/or term with a better one. If rates drop 0.75%+ below what you have, it's usually worth a conversation.

Cash-out refinance

Access your home's equity in cash. Use it for renovations, college, high-interest debt payoff, or investment. We'll model the blended cost versus alternatives like a HELOC.

Drop FHA MIP

If you have 20%+ equity and you're still paying FHA mortgage insurance, refinancing to conventional can save you $100-$250 per month indefinitely.

Shorten your term

Going from a 30-year to a 15-year usually bumps the payment modestly while saving tens of thousands in interest. We'll show you the payoff schedule side-by-side.

The process

  1. Share your current mortgage statement, we'll run the break-even in one phone call
  2. Lock a rate if the numbers work
  3. Submit docs, appraisal, underwriting
  4. Close (typically 25-30 days)
Questions we get a lot

Refinance FAQ

  • Rule of thumb: if you can drop your rate 0.75% or more and stay in the home at least 2-3 more years, the math usually works. We'll calculate your exact break-even date before you commit.
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