Refinance with the math on the table.
A refinance only makes sense if the numbers work after costs. Troy runs the honest comparison: your current loan against the new one, what it costs to get there and how long until the savings pay those costs back.
- Types
- Rate-and-term, cash-out, term change, FHA and VA streamline
- Qualifying
- Full documentation, bank statements or DSCR for rentals
- Closing
- Mobile notary at your home where available
- Lends in
- California
How it works
Refinancing replaces your current mortgage with a new one. People do it to lower the monthly payment, to shorten the term and be mortgage-free sooner, to move from an adjustable rate to a fixed one, to remove mortgage insurance, or to take cash out of equity for a renovation, a purchase or paying off other debt.
The decision comes down to a comparison: what you pay now, what you would pay after, what it costs to get there and how long you plan to keep the loan. Troy shows all four side by side, including the option of a higher rate with lender credits covering costs, so you can choose with the whole picture.
He refinances agency, jumbo, FHA and VA loans, and uses bank-statement or DSCR programs when the income on paper does not tell the story.
- Homeowners whose current rate is above what they could get today and who want a lower payment
- Owners who want to pay off a HELOC, credit cards or a second mortgage with one fixed payment
- Anyone shortening to a 15- or 10-year term
- Owners whose income picture has changed since the last loan, including the newly self-employed
- Owners with an adjustable-rate loan who want the certainty of a fixed rate
Not sure you fit? Ask. Troy tells people on the first call when a different program serves them better.
What to consider
Program details vary by investor and change over time. These are the questions that decide whether the loan is right for you; Troy confirms the specifics for your file.
Break-even
Divide the cost of the refinance by the monthly savings to see how many months until it pays for itself. If you may move before then, the refinance may not be worth doing.
Closing costs and credits
You can pay costs up front, roll them into the loan or take a slightly higher rate with a lender credit that covers them. Troy prices all three.
Resetting the clock
A new 30-year loan starts the amortization over. Troy can match the new term to the time left on your current loan if paying it off is the goal.
Cash-out limits
How much equity you can take out depends on the program, the property type and your credit. The appraisal sets the value.
The process
From the first conversation to funding, you deal with Troy.
Send your current statement
Troy needs the balance, the rate and the payment to show you the honest before-and-after.
Pick the structure
Rate-and-term, cash-out or a term change. You see each option's payment and cost side by side.
Appraisal and underwriting
Troy orders the appraisal if one is needed, clears conditions personally and tracks the payoff with your current servicer.
Close at home
A mobile notary comes to you where available. Owner-occupied refinances include a three-business-day right to cancel after signing.
Questions people ask
General answers. The answer for your file comes from a conversation with Troy, not from a web page.
How much does a refinance cost?
Costs include lender fees, title, escrow, the appraisal and recording. Troy itemizes them on a written estimate and shows the option of a lender credit that covers them in exchange for a slightly higher rate.
How much cash can I take out?
It depends on the home's value, the loan-to-value limit for the program and your credit. The appraisal establishes the value, and Troy tells you the maximum once he has it.
I refinanced recently. Can I do it again?
Usually yes once the loan has seasoned for the period the program requires. Troy will tell you whether the savings justify it.
Will I skip a payment?
There is a gap between the last payment on the old loan and the first on the new one, but interest for those days is collected at closing. Nothing is free; it is just timing.
Related programs
Often considered alongside this one. Troy prices the alternatives so you can see them side by side.
Debt consolidation
Replace high-rate consumer debt with one fixed payment, with the risks of securing it against your home explained first.
HELOC
A revolving line against your equity that you draw on as you need it, leaving your first mortgage untouched.
Conventional
Fannie Mae and Freddie Mac financing with agency pricing for documented income, including high-balance for Los Angeles County.
Jumbo
Loan amounts above the county conforming limit for higher-value homes, with underwriting that reads the whole financial picture.
Talk it through with Troy.
No obligation and no credit pull on the first call. Tell him what you’re trying to do and he’ll tell you whether refinance financing is the right tool, and what it would cost.