Refinance
Refinance
Lower your payment, shorten your term, or change your loan.
Goal
Rate / term / MI removal
Break-even
We calculate it for you
Appraisal
Sometimes waived
Terms
10–30 year
Overview
A rate-and-term refinance replaces your current mortgage to reduce your rate, change your term, or drop mortgage insurance. We only recommend it when the math clearly works in your favor.
Best for
- Lowering your rate or monthly payment
- Shortening from 30 to 15 years
- Removing FHA mortgage insurance via conventional
When it's not the fit
- You'll move before reaching the break-even point
- Closing costs outweigh the monthly savings
How it works with BISU
- 1
We pull your current loan details and goals.
- 2
We calculate your true break-even point in months.
- 3
We only proceed if you come out clearly ahead.
- 4
We close and you start saving.
Frequently asked
How do I know if it's worth it?
We calculate your break-even: how many months of savings it takes to recoup closing costs. If you'll keep the loan past that, it's usually worth it.
Compare with other programs
View all loan programs →