Quick Reference Tool
Refinance Checklist
A quick reference to help you identify your goal, gather the right information, and prepare for a personalized refinance review.
Refinance Checklist
A quick reference to help you identify your goal, gather the right information, and prepare for a personalized refinance review.
What Would You Like to Accomplish?
- Lower the required monthly payment
- Pay the mortgage off sooner
- Change the loan structure
- Remove mortgage insurance, when eligible
- Access equity for a specific financial goal
- Determine whether the current mortgage is still the right fit
Have This Information Ready
What We Will Review Together
Payment
How would the total monthly payment change?
Costs
What are the estimated refinance costs, and how would they be paid?
Break-Even Timing
How long may it take for the monthly benefit to recover the cost of refinancing?
Long-Term Impact
How would the new loan affect the remaining term, equity, and total interest over time?
Quick Decision Check
- Is there a clear goal the refinance is intended to accomplish?
- Is the expected benefit meaningful after considering the costs?
- Do you expect to keep the home or loan long enough for the strategy to make sense?
Helpful Reminders
- A lower rate does not automatically make refinancing the right decision
- A lower payment may come from extending the repayment period
- Closing costs should be considered alongside the monthly benefit
- Cash-out refinancing increases the amount secured by the home
- Keeping the current mortgage may be the better option
Send me your current mortgage statement and the goal you would like to accomplish. I'll prepare the comparison and walk you through the numbers.
Ready to find out if refinancing makes sense for you?
Schedule a Refinance ReviewImportant Information
This checklist is provided for general educational purposes only and is not a rate quote, Loan Estimate, financial advice, loan approval, or commitment to lend. Actual rates, payments, costs, savings, loan terms, cash-out proceeds, property requirements, and eligibility depend on a completed application, verified borrower information, property details, market conditions, and available loan programs. Equal Housing Opportunity.