Loan program
Refinance
Replace your current mortgage with a new one — for a better rate, term, or cash.
A refinance replaces your current mortgage with a new one — often for a lower rate, shorter term, or to pull out cash for major expenses.
A refinance is a powerful tool when used correctly. Rate-and-term refis lower your rate and/or shorten your term. Cash-out refis pull equity out. Streamline refis (FHA, VA) skip the appraisal and most documentation.
The right refi for you depends on three things: where rates are today, where they are likely to go, and how long you plan to stay in the home.
Evergreen Ridge Financial Group runs a transparent break-even analysis on every refi quote so you know exactly when the savings cross your closing costs. No refi makes sense if you sell before break-even.
What it gives you
Lower Rate
A 1% rate reduction can save tens of thousands over the life of the loan.
Remove PMI
Refinance to conventional once you reach 20% equity.
Shorten Term
Move from 30 to 15 year and pay less interest over time.
Cash Out (separate program)
Pull equity for renovations, college, debt consolidation.
How it runs, start to finish
- 1
Break-Even Analysis
We confirm the refi pays for itself in your planned timeframe.
- 2
Apply
Standard mortgage application — most refis run smoother than a purchase.
- 3
Appraise
Appraisal confirms current home value.
- 4
Close
Typical 30–45 day refi timeline.
Questions people ask about this one
When does refinancing make sense?
When the rate savings recoup closing costs in 24–36 months and you plan to stay long enough to benefit.
How much equity do I need?
Rate/term refis usually require 5%+ equity. Cash-out requires 20%+.
How long does it take?
30–45 days typical, sometimes faster on streamline refinances.
What are typical costs?
2–4% of loan amount, sometimes rolled into the new loan.
Programs people look at next
The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
