Question 1

When does a refinance actually make sense?

Accepted Answer

When the savings are bigger than the cost, within the time you'll keep the loan. The simple test: divide the closing costs by the monthly savings to get your break-even in months. If you'll keep the loan longer than that, refinancing usually wins. If not, stay put — Brian will run the math honestly and will tell you when it doesn't pencil.

Question 2

Can I refinance if I just refinanced recently?

Accepted Answer

Yes, though conventional and FHA loans have a seasoning rule (typically six months between refinances), and the math needs to clear the bar again. Ask about a no-cost refinance structure when rates drop shortly after you close.

Question 3

What is the difference between a cash-out refinance and a HELOC?

Accepted Answer

A cash-out refinance replaces your entire mortgage at today's rate. A HELOC adds a second lien and leaves your existing low-rate mortgage untouched. If you're sitting on a first mortgage well below current rates, the HELOC is usually the smarter structure.

Question 4

I already have a reverse mortgage. Can I refinance it?

Accepted Answer

Yes, and sometimes it's clearly worthwhile — when your home's value has risen, when rates are lower, or when adding a younger borrower increases the available line of credit. FHA requires a clear net benefit; the details are in Brian's reverse refinance guide.

Question 5

How much equity can I take out?

Accepted Answer

Conventional cash-out refinances are generally capped at 80% of the home's value; FHA at 80% as well. VA goes up to 90% for eligible veterans. The remaining equity stays in the home.

Refinance — when the math actually works.

See what you qualify for.

Three ways to refinance

Rate & Term Refinance

Cash-Out Refinance

Reverse Mortgage Refinance

Frequently asked questions

A conversation with Brian is educational, unhurried, and never salesy.