REFINANCE
Understand your refinance options, costs, and tradeoffs.
Based in San Diego, CA, our mortgage team helps you compare your current loan with available refinance options. The right choice depends on your proposed terms, closing costs, and how long you expect to keep the mortgage. We explain the costs and tradeoffs so you can decide whether refinancing fits your goals.
Explore your refinance options
Compare the purpose of the refinance and its full cost before deciding.
Rate-and-term refinance
Replace your existing mortgage with a new loan to change the rate, term, or loan type. Compare closing costs, the remaining term on your current mortgage, and total interest. A lower monthly payment alone does not establish savings.
Cash-out refinance
A cash-out refinance replaces your existing mortgage with a larger loan. Remaining proceeds are paid to you after the existing mortgage and applicable costs are paid. For planned home improvements, compare renovation financing and keeping your current mortgage. A larger balance or longer term can increase total interest, and your home secures the loan.
FHA and VA refinance options
Eligible borrowers with an existing FHA or VA mortgage may have access to FHA Streamline or VA Interest Rate Reduction Refinance Loan options. Documentation, payment history, seasoning, benefit, and lender requirements still apply. We can review the applicable requirements for your situation.
Compare payment and total cost
Compare keeping your existing mortgage with refinancing over the same time period. Include closing costs, the new loan balance, mortgage insurance, and the remaining term on your current loan. Extending repayment may reduce the payment while increasing total interest. Ask for a side-by-side comparison before deciding.
Switching from ARM to fixed
A fixed-rate refinance can make principal and interest payments more predictable. Compare it with your current adjustable-rate mortgage, including adjustment rules, closing costs, the new term, and total interest. Taxes and insurance may still change.
Should you refinance? Let us run the numbers.
We will calculate your break-even, compare your options, and give you a clear recommendation — not a sales pitch.
Tell us your goals
Tell us your situation and we will point you to the best option.
Book a call
Have your current loan details handy? Let us review them together.
Apply now
Start your refinance application and get the process moving.
One Mortgage
Company NMLS: xxxxxx
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