Refinance Your Mortgage
If you already own a home in Oceanside, North County San Diego, Riverside County, San Bernardino County, or Metro Atlanta, a well-timed refinance can lower your payment, shorten your term, or help you access equity. This page explains your main refinance options and when they make sense for homeowners and sellers planning their next move.
If you’re still choosing between buying, refinancing, or tapping equity in retirement, compare this page with Home Purchase Loans and Reverse Mortgages (55+).
Main Refinance Options
Rate-and-Term Refinance
Replace your current loan with a new one to lower your interest rate, change your term, or move from an adjustable rate to a fixed rate.
- Lower your monthly payment
- Stabilize your payment with a fixed rate
- Pay off the home faster with a shorter term
Cash-Out Refinance
Tap into your home’s equity by refinancing into a slightly larger loan and receiving the difference in cash.
- Consolidate higher-interest debts
- Fund home improvements, repairs, or upgrades before selling
- Access cash for education, investments, or emergencies
Learn more on the Cash-Out Refinance page →
FHA Streamline & VA IRRRL
If you already have an FHA or VA loan, streamline refinance options may offer a simpler path.
- FHA Streamline: often reduced documentation and no appraisal
- VA IRRRL: Interest Rate Reduction Refinance Loan for existing VA borrowers
Does Refinancing Make Sense Right Now?
Refinancing should be evaluated with clear numbers, not guesswork. We’ll review:
- Your current interest rate, term, and loan type
- How long you plan to keep the home
- Closing costs versus monthly savings (break-even timeline)
- Whether a Reverse Mortgage or HELOC might be a better fit for longtime owners
Refinance Focus Areas
As a mortgage broker in California and Georgia, I regularly help homeowners and future sellers refinance in:
- California: Oceanside, North County San Diego, Riverside County, San Bernardino County
- Georgia: Metro Atlanta and nearby communities
For city-specific incentives and tax differences, visit Local Mortgage Programs.
Next Steps: Run the Numbers
Before you refinance, it’s important to see the math in writing. You’ll get a side-by-side comparison of your current payment, proposed payment, costs, and break-even point.