Existing homeowners

A refinance should improve the math, not just create a new loan.

Lowering a rate can be useful, but it is only one reason to refinance. John looks at the full transaction: payment change, closing costs, break even period, remaining term, equity, and what the borrower is trying to accomplish.

John Bramley
Loan Originator · USMC Veteran
NMLS 192835
Licensed in SC, GA, and NJ

Apply for a loan

Refinance

The new loan should improve something that matters.

A refinance can change payment, term, rate structure, cash flow or access to equity. John starts with the reason for refinancing, then compares the new costs and break-even against the loan you already have.

Common refinance goals

Change the interest rate or loan term
Move from an adjustable structure to a fixed rate
Access equity with a cash out refinance
Consolidate higher interest debt
Finance a major improvement or expense
Restructure a loan after a change in income, property use, or financial goals

The questions John will run

How much does the payment actually change
What are the total closing costs
How long does it take to recover those costs
How does the new amortization schedule compare with the existing loan
Would a HELOC or second lien preserve a favorable first mortgage better

Possible refinance paths

Conventional rate and term refinance
Conventional cash out refinance
Government backed refinance options for eligible borrowers
Jumbo or Non QM refinance when the loan profile requires it

Common questions

Refinance FAQ

How do I know if refinancing is worth it?

Start with the break even math. John can compare the monthly savings or cash flow benefit with the upfront cost and the amount of time you expect to keep the loan.

Is cash out refinancing the same as a HELOC?

No. A cash out refinance replaces the existing first mortgage. A HELOC is generally a separate revolving line secured by the home.

Can I refinance an investment property?

Programs are available for many investment properties, but pricing, equity, documentation, and occupancy requirements differ from a primary residence.

Run the break-even before you refinance.

John can compare the current mortgage with realistic refinance options so you can see the cost, timing and long-term effect before making a decision.

Apply for a loan All loan programs

Program availability, eligibility, rates, costs, and guidelines vary by borrower, property, state, lender, and market conditions. This page is general educational information and is not tax, legal, or financial advice and is not a commitment to lend. John Bramley · NMLS 192835 · Barrett Financial Group, L.L.C. · NMLS 181106.