how to refinance my house: a clear selection framework

Decide with evidence

Use proof-based filters: target rate drop, breakeven months, credit, equity.

• Goal: lower payment, cash-out refinance, or term change.
• Cost check: total refinance closing costs vs monthly savings.
• Timing: ask, should I refinance now given job stability and move plans?
• Compare offers: APR and best refinance rates, not teaser points.

Steps that support decisions

1. Pull credit; fix errors; run a mortgage refinance calculator for breakeven.
2. Collect pay stubs and tax returns - kitchen table, Thursday night - and verify equity via appraisal.
3. Request three quotes; weigh refinance vs HELOC if you need flexibility.
4. Lock, then document income; demand a Loan Estimate as proof.

Realistic check: if moving within 2 - 3 years, savings may not beat fees. Seek written rate locks and itemized credits for support.