Your Journey
Refinancing Your Mortgage
Lower your rate, shorten your term, access equity, or consolidate debt — refinancing is about making your mortgage work harder for your goals.
An Overview
Refinancing replaces your existing mortgage with a new loan — often with better terms, a different rate, or a new purpose. Whether you want to lower your monthly payment, shorten your loan term, tap into your home's equity for major expenses, or switch from an adjustable to a fixed rate, refinancing can be a powerful financial tool when the timing and numbers make sense.
Common Goals
- Lower your monthly payment or interest rate
- Shorten your loan term to build equity faster
- Access your home's equity with a cash-out refinance
- Consolidate higher-interest debt
- Remove mortgage insurance where applicable
What to Expect
- A clear cost-benefit analysis of refinancing
- Break-even calculation to determine if the timing is right
- Comparison of rate-and-term vs. cash-out options
- Honest guidance — including when refinancing may not make sense
The Path Forward
Review Your Current Loan
We analyze your existing rate, term, and balance to identify potential savings.
Compare Options
We present rate-and-term, cash-out, and other refinance options with clear trade-offs.
Calculate the Break-Even
We show you how long it takes to recoup closing costs so you can decide with confidence.
Close Your New Loan
We streamline the process from application through closing — often faster than a purchase.
Recommended Programs
ConventionalConventional Loans
A flexible, popular option for buyers with solid credit and a steady down payment.
Learn more
GovernmentFHA Loans
Government-insured financing with flexible credit and low down payment options.
Learn more
GovernmentVA Loans
A benefit earned through service — zero down payment financing for eligible veterans and active military.
Learn more
JumboJumbo Loans
Financing above conforming loan limits for higher-priced homes.
Learn more
Non-QMBank Statement Loans
Self-employed borrowers can qualify using bank statements instead of traditional income documentation.
Learn more
Non-QMAsset Depletion Loans
Leverage your accumulated assets to qualify — ideal for borrowers with significant wealth but limited monthly income.
Learn more
SpecialtyRenovation Loans
Finance the home and the improvements in a single loan — buy, renovate, and build equity.
Learn moreSpecialists in This Journey
Angela Valdez
Operations Manager Mortgage Loan Officer
With over 16 years of experience, I am dedicated to helping families across Oregon and Washington achieve their homeownership dreams. As a Loan Officer and Branch Operations Manager at One Eleven Mortgage, I combine deep expertise with personalized care to ensure a seamless lending experience.
Keri Vincent
Mortgage Loan Officer
As a Loan Originator with One Eleven Mortgage, I am dedicated to providing clear, honest guidance to help my clients feel confident throughout their homebuying journey. I prioritize building lasting relationships and am committed to supporting you from our first conversation through to closing.
Next Step
Ready to Move Forward?
Connect with Kahren who understands this journey and can help you evaluate your options.