Refinancing your mortgage can unlock powerful benefits such as lowering your monthly payment, shortening your loan term, or tapping into your home equity. But timing matters, and so does your strategy.
This guide will help you understand when refinancing makes sense, what the process looks like, and how CLG can help you evaluate whether now is the right time.
We believe refinancing should be strategic — not stressful. When the time is right, it can help you save, grow, and breathe easier.
A refinance is when you replace your current mortgage with a new one usually to get better terms, a different rate, or access to cash through your home’s equity. There are several types of refinances, and we’ll help you choose the right one based on your goals.
Just like when you first bought your home, refinancing involves closing costs which are typically 2% to 5% of the loan amount. However, CLG often waives lender fees for existing clients, making refinancing more cost-effective.
Your break-even point is when the savings from your new mortgage outweigh the cost of refinancing. We’ll calculate this for you and help you decide if it’s worth moving forward now or waiting.
We Believe in Possibility. We Believe in You.
We believe in being upfront. You’ll always know what to expect and how long it will take to break even.
