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Franklin Loan Center

Check your refinance options

Make your mortgage work harder for you.

Tell Bill a little about your home. He'll run the numbers and show you if a refinance makes sense.

  • See your break-even point before you decide
  • Rate-and-term, cash-out, VA streamline and FHA streamline options
  • Honest advice, including when refinancing doesn't make sense
Step 1 of

Is now the right time to refinance?

The right answer depends on more than today's rate. Bill compares your current loan with your new options and shows you the monthly savings, the closing costs and how long it takes to break even, so the decision is clear.

Common reasons to refinance

  • Lower your interest rate or monthly payment
  • Take cash out for renovations or to pay off higher-interest debt
  • Switch from an adjustable rate to a fixed rate
  • Remove FHA or private mortgage insurance
  • Shorten your term to own your home sooner

Common questions

How much does it cost to refinance?

Closing costs vary with the loan amount and location. Some options let you roll costs into the loan or take a slightly higher rate in exchange for lower costs. Bill will show you each option side by side.

How soon can I refinance after buying?

Many programs allow it right away, while some cash-out and streamline options have waiting periods. Bill will check what applies to your loan.

Can I take cash out without losing my low rate?

Possibly. A home equity line of credit (HELOC) or second mortgage can leave your first mortgage untouched. See the home equity options.