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Refinancing options that pay you back.
Your first mortgage got you the keys. The right refinance lowers the cost of keeping them — often saving hundreds every month.
When does refinancing make sense?
Refinancing replaces your current mortgage with a new one — ideally at a lower rate, a shorter term, or with cash out for renovations and debt consolidation. As a rule of thumb, a rate drop of 0.75% or more is worth a conversation.
We run a break-even analysis before recommending anything: closing costs divided by monthly savings tells you exactly how many months until the refinance pays for itself. If the math doesn't favor you, we'll say so.
Rate-and-term
Lower your rate or shorten to a 15-year term without taking cash out.
Cash-out
Tap home equity for renovations, education or consolidating high-interest debt.
Streamline
FHA and VA borrowers can refinance with reduced paperwork and no appraisal in many cases.
ARM to fixed
Trade an adjusting rate for the certainty of a fixed payment before resets climb.
Average client savings
$312/mo
Mean monthly saving across Ashgrove rate-and-term refinances closed in the last 12 months.
Refinance in four steps
01
Rate check
Share your current loan; we compare live wholesale rates in one business day.
02
Break-even review
You see costs, savings and payback month in plain numbers before deciding.
03
Light-touch application
Most documents carry over; appraisal waivers apply on many files.
04
Close & save
Average 18 days from application to lower payment.
Typical closing costs run 1–2% of the loan amount. Many clients roll costs into the new loan or take a slightly higher rate for lender credits — we'll model all three so you can compare.
A single hard inquiry typically moves a score by fewer than 5 points, and rate-shopping inquiries within a 14-day window count as one. Most clients recover the difference within a billing cycle.
Yes — FHA streamline and VA IRRRL programs need no appraisal and no new equity test. Conventional options exist up to 97% loan-to-value in many cases.