Lower your rate, access equity, or pay off your home faster
Refinancing replaces your current mortgage with a new loan, typically to secure better terms, lower your interest rate, or access your home's equity. As Saint Paul's trusted mortgage broker, Joe Metzler helps homeowners like you navigate the refinancing process to achieve your financial goals.
Use our calculator to estimate your new monthly payment and total savings
Try Our Calculator Call for Quick QuoteWe'll discuss whether you want to lower your rate, reduce your term, or access cash from your home's equity. This helps us determine the best refinance option for your situation.
We review your credit score, home equity, income, and current mortgage terms. Most lenders require at least 20% equity for the best rates, but options exist for those with less.
As an independent broker, Joe compares rates from 50+ lenders to find you the best deal. We analyze closing costs, rates, and terms to maximize your savings.
Once we identify the optimal loan, we guide you through the application process. This includes documentation, appraisal, and underwriting - we handle the details.
After approval, we schedule closing where you sign new loan documents. Your new payment begins the following month, and savings start immediately.
Choose the option that fits your financial goals
Lower your interest rate or change your loan term without taking cash out. Perfect for reducing monthly payments or paying off your mortgage faster.
Access your home's equity to get cash for home improvements, debt consolidation, or major expenses. Your new loan amount exceeds your current balance.
Special program for existing FHA or VA loans with reduced documentation requirements and often no appraisal needed. Quick and hassle-free process.
Reduce your monthly mortgage payment by securing a lower interest rate, freeing up cash for other expenses or savings.
Switch from a 30-year to a 15-year mortgage to build equity faster and save thousands in interest payments.
Use your home's value to fund home improvements, education, or consolidate high-interest debt at lower rates.
Eliminate PMI payments once you reach 20% equity, potentially saving hundreds of dollars each month.
Convert from an adjustable-rate mortgage to a fixed-rate loan for payment stability and peace of mind.
Combine high-interest debts into your mortgage payment at a lower interest rate, simplifying your finances.
| Situation | Recommended Action | Potential Savings |
|---|---|---|
| Interest rates dropped 0.75%+ | Rate & Term Refinance | $200-500/month savings |
| Need home improvement funds | Cash-Out Refinance | Lower rate than HELOC |
| Reached 20% home equity | Remove PMI | $100-300/month savings |
| ARM rate adjusting higher | Switch to Fixed Rate | Payment stability |
| High-interest debt | Debt Consolidation | 5-15% interest reduction |
*Actual savings vary based on individual circumstances. Contact us for personalized analysis.
Refinancing typically costs 2-5% of your loan amount. These fees include:
Some lenders offer "no-cost" refinancing where:
We help you calculate whether paying costs or taking a higher rate makes financial sense.
Calculate when refinancing savings outweigh costs:
Monthly Savings: $200
Total Closing Costs: $4,000
Break-Even: 20 months ($4,000 � $200)
If you plan to stay in your home longer than the break-even period, refinancing makes financial sense.
Joe Metzler will personally analyze your situation and find the best refinance solution.
Most conventional loans require 20% equity for best rates.
Typically 30-45 days from application to closing.
Small temporary impact (5-10 points) that rebounds quickly.
Options exist for lower scores, FHA accepts 580+ scores.
Makes sense if you'll stay long enough to recoup the cost.
No limit, but wait until meaningful savings outweigh costs.