This page is for you if…
- Your rate or payment is higher than you’d like.
- You want to remove mortgage insurance or switch from an adjustable to a fixed rate.
- You’d like to tap your equity for renovations, debt payoff or a big goal.
- You’ve outgrown your home and want to buy the next one.
- You’re 62 or older and curious about using your equity in retirement.
Refinance & equity options
Each option has trade-offs. Todd lays them out side by side, including closing costs and break-even timing, so you can decide with confidence.
Rate-and-term refinance
Change your rate, your term, or both.
- Lower your rate or monthly payment
- Shorten your term to pay off sooner
- Remove mortgage insurance in some cases
Cash-out refinance
Replace your mortgage with a larger one and take the difference in cash.
- Fund renovations or big goals
- Consolidate higher-interest debt
- One loan, one payment
HELOC
A line of credit secured by your home, so your first mortgage can stay as is.
- Borrow only what you need, when you need it
- Usually a variable rate
- Great for ongoing projects
Reverse mortgage (62+)
Homeowners 62+ can turn part of their equity into cash while living in the home.
- No required monthly mortgage payment
- Still pay taxes, insurance and upkeep
- HUD-approved counseling required
Moving up? Plan both sides of the move.
Buying your next home while selling your current one takes good timing. Todd will help you look at your equity, your next payment, and the right timing so you don’t miss the right house. Self-employed? Bank statement programs can help, and healthcare pros may qualify for the Doctor Loan Pink Program.
Plan my move-up- Equity and next-payment analysis
- Buy-before-you-sell timing strategies
- Bank statement options for business owners
- Doctor Loan Pink Program for healthcare pros
Your path to the keys
- 1Free 15-minute callTell Todd what you want to accomplish: a lower payment, cash, or a move.
- 2Side-by-side numbersSee your options, costs and break-even point clearly.
- 3Apply & lockLock your rate when the numbers make sense.
- 4Appraisal & underwritingTodd keeps you updated at every step.
- 5CloseSign, and enjoy your new payment, cash or keys.
What you’ll want to have handy
- Your current mortgage statement
- Homeowners insurance declarations page
- Recent pay stubs and W-2s (or tax returns if self-employed)
- Two months of bank statements
- Photo ID
Don’t have everything yet? That’s okay. Todd will tell you exactly what’s needed for your situation.
I’ll always tell you if a refinance doesn’t make sense. My goal is the right long-term decision for your family, whether that’s a new loan, a HELOC, or simply waiting.
Good questions we hear a lot
When does refinancing make sense?
When the savings outweigh the costs within a time frame that fits your plans. Todd calculates your break-even point so it’s clear.
Refinance or HELOC: which is better?
If you have a great rate on your current loan, a HELOC lets you keep it. A cash-out refinance can make sense when you also want to change your rate or term.
How much equity can I access?
Many programs allow borrowing up to about 80% of your home’s value across all loans, depending on the program and your credit.
Do I have to sell before I buy my next home?
Not always. Depending on your situation, Todd can walk you through your options for buying first.
What should I know about reverse mortgages?
You keep the title and live in the home, but must keep paying taxes, insurance and upkeep. The balance grows over time, and HUD counseling is required. It’s worth talking through with family.
“On top of all matters right away, and communication was great. Always checked in to keep me informed.”
See if the numbers work for you.
Todd will compare your options side by side, with real costs and break-even timing, in about 15 minutes.