Lower Your Payment, Pull Out Cash, or Pay Off Your Home Sooner

Refinancing means replacing your current mortgage with a new one. People do it for three main reasons: a lower interest rate, lower monthly payment, or to pull out cash from their home's equity.

I help Folsom and Sacramento metro homeowners figure out if refinancing makes sense — and if it does, I shop multiple lenders to find the right terms for your situation.

When Refinancing Makes Sense

Refinancing is worth a look if you're:

• Paying a higher interest rate than today's market rate

• Wanting to switch from an adjustable-rate to a fixed-rate loan

• Looking to drop PMI (private mortgage insurance) now that you have more equity

• Hoping to shorten your loan term (e.g., 30-year to 15-year)

• Needing cash for home improvements, debt consolidation, or college

• Looking to remove someone from the loan (divorce, co-signer release)

Types of Refinance

Rate-and-Term Refinance

Replace your current mortgage with a new one at a better rate or different term. No cash taken out. Goal: lower payment or shorter payoff.

Cash-Out Refinance

Replace your mortgage with a larger one and take the difference in cash. Goal: tap your home equity for major expenses or debt payoff.

Streamline Refinance (FHA & VA)

A faster, lower-documentation refinance for existing FHA or VA loan borrowers. Often skips the appraisal.

Why Work With a Broker

Refinance rates vary lender to lender — sometimes by a full percentage point. As your broker, I shop wholesale lenders to find the best rate and lowest fees for your file. You apply once. I do the rest.

I'm also straight with you about whether refinancing is actually worth it. If the savings don't cover the closing costs within a reasonable timeframe, I'll tell you.

What You'll Need

• 2 years of income documentation (W-2s, pay stubs, or self-employed alternatives)

• Recent mortgage statements

• Homeowner's insurance declarations

• Property tax statements

• Credit score check (I pull this)

• Recent home value estimate (I help with this)

The Process

1. Free rate review — Tell me your current loan terms. I'll tell you if refinancing makes sense

2. Pre-qualification — Complete the 12-step questionnaire

3. Lender shopping — I match your file to wholesale lenders for the best rate

4. Application and documentation — I walk you through everything

5. Appraisal (if needed) — Some programs skip this

6. Underwriting — I keep you updated weekly

7. Closing — Sign the new loan, pay off the old one

Typical timeline: 25–35 days.