Mortgage Refinancing in California & the East Bay
Rate-and-term or cash-out refinancing. Lower your payment, shorten your term, or access equity. Conventional, FHA, VA, and non-QM options.
Overview
A refinance replaces your current mortgage with a new one, either to improve the terms or to pull equity out as cash. Whether the goal is a lower payment, a shorter term, dropping mortgage insurance or funding a renovation, we compare refinance options across our lender panel so you see the real break-even, not a sales pitch.
Whether you want to lower your rate, reduce your term, or access cash from your equity, our refinance programs provide the flexibility to optimize your mortgage. We offer conventional, FHA, VA, and non-QM refinance options.
Program Features
- Rate-and-term refinancing
- Cash-out up to 80% LTV
- Streamline options for FHA/VA
- Debt consolidation refinancing
- Remove mortgage insurance
- Conventional, FHA, VA, and non-QM
Ideal For
Homeowners looking to lower payments, access equity, consolidate debt, or remove PMI.
Rate-and-term vs. cash-out
A rate-and-term refinance changes the rate, the term or both, with no cash back beyond closing costs. A cash-out refinance increases the loan balance and pays you the difference at closing, useful for remodels, consolidating higher-interest debt or buying an investment property. Cash-out typically allows a lower maximum loan-to-value than rate-and-term and prices slightly differently.
Programs available
Conventional, FHA (including FHA streamline), VA (including the VA IRRRL), jumbo and non-QM refinances for self-employed borrowers and investors. If your current loan is a DSCR or bank statement loan, or your income has changed since you bought, a non-QM refinance may qualify you where a conventional one will not. Subject to credit approval; programs vary by lender.
When refinancing makes sense
We calculate the break-even, the number of months it takes for the monthly savings to recover the closing costs, and compare it with how long you plan to stay. If the numbers do not work, we tell you. If they do, most refinances close in 21–30 days, and no-cost options that roll fees into the rate are available on many programs.
Refinance Loan FAQs
How do I know if refinancing is worth it?
Compare the closing costs with your monthly savings to find the break-even point, then compare that with how long you plan to keep the loan. We run that math for you before you apply.
How much cash can I take out?
It depends on the program and your equity. Cash-out refinances have a maximum loan-to-value that is usually lower than a rate-and-term refinance.
Can I refinance an investment property?
Yes. Conventional and DSCR refinance programs are available for rentals, including cash-out.
Do I need an appraisal?
Often, yes. Some programs, including FHA streamline and VA IRRRL, and some conventional loans with automated valuations, can skip it.
Can I refinance if I am self-employed?
Yes. Bank statement and asset-based refinance programs exist for borrowers whose tax returns do not reflect their income.
Programs, terms and eligibility vary by lender and are subject to credit approval. This is not a commitment to lend. SiFi Lending is a mortgage broker (Simonich Financial, Inc., NMLS #2563307); we arrange loans, we do not make loans. Equal Housing Opportunity.