Define your goal
Identify the reason for refinancing: a different payment, a different repayment term, or access to equity. The costs and tradeoffs can differ.
Compare the full cost
Review closing costs and total interest as well as the monthly payment. Extending a loan term can reduce the payment while increasing the total paid over time.
Bring the right questions
Ask about the new loan balance, fees, remaining term, and available alternatives. Keep personal financial documents in an approved secure process.
Educational information only. Available programs, terms, and eligibility require a complete review.