Mortgage Solutions / Refinance
Lower your rate, clear high-interest debt, or pull out cash for what's next. Tell us the goal and we'll structure the refinance around it, with penalty math and break-even included, before anything gets broken.
▍ Equity calculator
Lenders cap a refinance at 80% of your home's appraised value. Move the sliders to your numbers and the readout updates live. We confirm both the appraisal and what you qualify for before anything's committed.
An estimate only. Your final number depends on the appraisal, your income, and credit. We'll weigh a full refinance against a HELOC or second mortgage depending on how you'll use the money.
▍ Three goals, one mechanism
Most people land here with a goal already in mind. The refinance is just the mechanism. What matters is whether breaking your current mortgage gets you there for less than it costs. We start from your goal and work backward.
If rates have dropped since you signed, or you're coming off a high renewal, refinancing into a better rate can pay for the penalty and then some. We run the break-even so you know the exact point it starts saving you money.
Credit cards and unsecured lines at 20%+ cost far more than mortgage money. Rolling them into the mortgage at a single, lower rate usually cuts your total monthly outflow sharply. The trick is structuring it so the balances don't quietly creep back up.
A renovation, a tuition bill, a down payment on a second property: your home equity is almost always your cheapest source of large-sum borrowing. You can access up to 80% of your home's value, structured as a refinance, HELOC, or second mortgage.
▍ Break-even calculator
Breaking mid-term triggers a penalty. The honest answer is: sometimes. So before recommending anything, we find the break-even, the month where what you gain outweighs what it costs. If the math doesn't work, we'll tell you to wait.
Worth it. The penalty pays for itself well inside your term, then keeps saving you money. We'd confirm your lender's exact penalty method before quoting.
The penalty depends entirely on your lender's method. On a variable, it's usually three months' interest. On a fixed, it's the greater of three months' interest or an Interest Rate Differential (IRD), and big-bank IRDs can run into five figures. At renewal there's no penalty at all, which is often the cheapest time to refinance.
No commitment to start. Send us your numbers and we'll run the penalty math and show the break-even before anything gets broken.
▍ Common questions
Tell us about your situation. We'll match you to the right product and lender.
Start pre-approvalAI assistant · General information