Payment strategy
Review whether a different loan structure could better fit your monthly budget or longer-term goals.
REFINANCE · CASH-OUT
Your current mortgage deserves a strategy—not just a rate check.
Review payment structure, cash-out, debt consolidation, loan term, and whether your existing mortgage still fits what you're trying to accomplish.
ConventionalFHAVAJumboBank StatementDSCRNon-QM
START WITH THE GOAL
What would make a refinance worthwhile?
Payment? Cash flow? Debt? Equity? Term? Start there—then compare the structure.
Refinance goals
Four common reasons to take another look.
Cash-out
Explore whether available home equity can be accessed through a cash-out refinance.
Debt consolidation
Compare the payment and cost tradeoffs of using mortgage financing to restructure higher-cost debt.
Term change
Review a shorter or different term and how that changes both payment and long-term interest cost.
Refinance programs
Traditional and Non-QM refinance options in one place.
A refinance strategy can involve more than Conventional financing. Depending on the property, borrower, and documentation, Billy can also compare government, jumbo, self-employed, investor, and other Non-QM options.
Explore Self-Employed & Investor Options →ConventionalRate-and-term or cash-out refinance options for qualifying primary, second-home, and investment scenarios.
FHAFHA refinance paths may be available for eligible borrowers and properties, subject to current program guidelines.
VARefinance options for eligible veterans, service members, and qualifying borrowers.
JumboRefinance options for eligible higher-balance loans and properties.
Bank Statement / Self-EmployedAlternative income-documentation options for eligible self-employed borrowers when conventional documentation may not fit.
DSCR / InvestorInvestment-property refinance options that may qualify primarily from the property’s rental cash flow.
Other Non-QMAdditional alternative-documentation and investor refinance programs may be available depending on lender guidelines.
Refinance vs. home equity
Sometimes the better answer is leaving the first mortgage alone.
If the real goal is accessing equity, it may be worth comparing a HELOC or home-equity option before replacing the existing first mortgage.
Refinance
Replaces the existing mortgage with a new loan.
HELOC / Home equity
May provide access to equity without replacing the first mortgage.
COMPARE BOTH PATHS
Not sure which direction makes more sense?
Send Billy the goal first. You don't need to know the product before the conversation.
Ask Billy to Compare Explore Home Equity★★★★★
“The refinancing process was super quick and easy. Billy made it really simple, kept things moving forward, and made himself available to me any time I needed him.”
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Direct access
Want Billy to review your current mortgage?
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View Billy's official Lit Financial profileYour next move
Ready to start the refinance process?
Use the secure mortgage application if you already know you want to move forward.