Refinance & Save on Your Monthly Payment

Refinancing typically makes sense when you can lower your rate by at least 0.5–1%, when you want to switch from an adjustable to a fixed rate, when you need to access home equity, or when you want to remove PMI. Our team can run a break-even analysis to determine if refinancing is right for your situation.

Refinance closing costs typically range from 2–5% of the loan amount and may include appraisal fees, title insurance, and origination fees. In many cases, these costs can be rolled into the new loan. We’ll provide a detailed estimate upfront so there are no surprises.

Yes! If you have sufficient equity in your home, you can refinance for more than you owe and receive the difference in cash. This is a popular option for home improvements, debt consolidation, or funding major expenses. Most lenders allow you to borrow up to 80% of your home’s value.

At Martin Mortgage Group, we typically close refinances in 21–30 days. The timeline depends on the loan type, appraisal scheduling, and documentation. Our streamlined process and experienced team keep things moving efficiently.

The initial credit inquiry may temporarily lower your score by a few points, but this is minor and recovers quickly. If refinancing improves your debt-to-income ratio or eliminates higher-interest debt, it can actually benefit your credit profile in the long run.