Your mortgage called. It wants to be cheaper.
Rates move. Life moves faster. Paulo reviews your current loan against today's Conventional, FHA, and VA refinance options — and only recommends a refi when the math wins for you.
Three kinds of refi. One right answer.
| Rate-and-Term | Cash-Out | Streamline / IRRRL | |
|---|---|---|---|
| Best for | Lowering your rate or payment without touching your equity | Tapping equity for renovations, debt payoff, or investments | FHA or VA borrowers who want a faster, simpler refinance |
| Key benefit | A leaner payment, a shorter term, or both | One loan, one payment — and cash in hand | Less paperwork, and often no appraisal required |
| Good to know | Paulo only recommends it when the break-even math wins for you | Your new loan replaces the old one at today's terms | You must already have an FHA or VA loan to qualify |
When a refi makes sense.
Not every refinance is worth doing — and Paulo will be the first to tell you when it isn't. Here's when the conversation is worth having:
- ✓The rate-drop math works — your break-even point arrives well before you'd sell or move.
- ✓Killing PMI — your home's value has grown enough to drop mortgage insurance for good.
- ✓Cash-out for renovations or debt — your equity can fund the project or kill high-interest balances.
- ✓Shortening the term — trading years of payments for a payoff date you can see.
Conventional, FHA, and VA — matched to your loan.
Conventional refinance
Rate-and-term and cash-out options with competitive pricing for strong credit. The first place Paulo looks when your profile is solid.
FHA refinance
Standard and streamline paths. The streamline can skip the appraisal and most paperwork — built for speed when you already hold an FHA loan.
VA refinance
IRRRL for a fast rate reduction, plus VA cash-out for eligible veterans. If you earned the benefit, Paulo makes the refi process match its simplicity.
Refinance FAQ
What does it cost to refinance?
Refinancing has closing costs, similar to a purchase loan but usually lower. Many borrowers roll the costs into the new loan or offset them with credits — and streamline options can cut costs further. Paulo lays out the full cost and the break-even math before you decide.
How long until I break even?
Divide your total refinance cost by your monthly savings — that's your break-even point in months. If you plan to stay in the home longer than that, the refi pays for itself. Paulo runs this calculation with you upfront, and will tell you honestly if the timeline doesn't make sense.
Will refinancing hurt my credit?
A refinance involves one hard credit inquiry, which may cause a small, temporary dip in your score. For most borrowers the effect is minor and short-lived. Multiple mortgage inquiries in a short window are typically treated as a single inquiry for scoring purposes.
Can I refinance with bad credit?
It depends on the program. FHA and VA streamline refinances are designed to be more forgiving, and some conventional options exist for lower scores. Bring Paulo your situation — he'd rather find your yes than process your no.
FHA streamline — is there really no appraisal?
In most cases, yes. The FHA streamline refinance is built for speed: reduced paperwork and typically no appraisal required. You must already have an FHA loan, be current on your payments, and the refi must show a clear benefit to you.
Who is eligible for a VA IRRRL?
The VA Interest Rate Reduction Refinance Loan is for borrowers who already have a VA loan. You need to be current on your mortgage, certify that you previously occupied the home, and the new loan must lower your rate or payment — it's one of the simplest refis in lending.
How much cash can I take out with a cash-out refinance?
Cash-out limits depend on the loan program and your home's value, equity, and credit profile. Conventional, FHA, and VA each set their own maximum loan-to-value caps. Paulo will show you exactly how much is available on your home before you apply.
Let's see what your loan should cost.
Send Paulo your current loan details and he'll run the refi math — honestly. If it doesn't pay, he'll say so.