Refinance and Save with Precision Mortgage
Start enjoying more savings, flexibility, and peace of mind.

Refinance Options
- Rate-and-Term Refinance
Secure a lower interest rate to relax your budget or shorten your mortgage term to maximize your savings. Another benefit to consider, you may be able to refinance and drop your private mortgage insurance payment with sufficient appreciation.
- Cash-Out Refinance
Tap into your existing home equity to consolidate high-interest debt and save monthly or take cash-out to address a specific need.
- Streamline Refinance
Enables borrowers to reduce their interest rate more easily with limited documentation and possible appraisal waiver.
Frequently Asked Questions
This varies depending on your individual circumstances, but there is a benchmark we use to evaluate the benefit. When choosing to apply for a rate-and-term refinance or consolidate high-interest debt, your monthly savings should recoup the total closing costs within 36 months of your settlement date.
The key is to prioritize options that improve your financial health, increase your home’s value, or provide long-term benefits. Avoid using the funds for non-essential needs or purchases that could lead to future financial strain.
In most cases, you’re limited to a loan-to-value ratio of 80%. Meaning, lenders prefer you maintain 20% equity in your home to limit overall risk exposure. Some products will allow you to cash-out up to 100%, but eligibility varies.
Your interest rate establishes the cost to borrow funds. The APR measures the overall cost to borrow factoring your total closing costs over the life of your loan. This is a reliable metric when comparing lender offers.
Most lenders offer free mortgage consultations, during which they will discuss your goals, evaluate your credit, employment history, qualifying income, existing equity, and current interest rates to determine the best option to achieve your financial goals.