Name the goal
Consider what you want to change: the loan term, the payment structure or another financing objective.
CONSIDERING A REFINANCE
A fresh look at
your mortgage.
Start with your goal, then consider the full cost and the time ahead.
Look at costs and time
Review closing costs, your expected time in the home and the full repayment period. A lower payment may mean paying for longer.
Request a personal comparison
Ask a lender to explain the existing loan alongside proposed options and the assumptions behind the comparison.
BEFORE YOU GET STARTED
Questions worth asking.
- What do I want to achieve by refinancing?
- What will the closing costs be?
- How does the new term affect total interest?
- How long do I expect to keep the loan?
Educational information informed by CFPB homebuying guidance. Not a loan offer or personalized financial advice.
