Review your payment
Explore how a different rate or loan term could affect your monthly budget.
California mortgage refinancing
Refinance
A new mortgage. A plan that fits your life.
Explore a different payment, a new loan term, or ways to use your home equity with Melissa Alves.
Request Refinance Analysis
Call/Text Melissa
Make your next move at home
Keep the home you love.
Rethink your mortgage.
Your goals may have changed since you bought your home. Refinancing replaces your current mortgage with a new loan. Melissa helps you compare the payment, loan term, closing costs, and long-term impact before you decide.
Adjust your timeline
Compare a shorter payoff period or the predictability of a fixed-rate loan.
Explore your equity
Consider a cash-out refinance for eligible goals, with a clear view of the new balance and costs.
Your goals guide the choice
Explore your refinance options
Option 01
Rate-and-term refinance
Consider it when: you want to change your interest rate, monthly payment, or repayment period.
Compare your current mortgage with a new loan that fits your priorities. Melissa can walk through fixed-rate options, term changes, and program requirements for your situation.
- Review the new rate and APR alongside closing costs.
- Compare monthly payment and total interest.
- Check whether the savings fit your time in the home.
Option 02
Cash-out refinance
Consider it when: you want to access some of your home equity for a planned expense.
A cash-out refinance replaces your existing mortgage with a larger loan and may provide funds after the existing balance and closing costs are paid. We’ll compare the new payment and overall cost with your goals.
- Review the available equity and required qualifications.
- Understand how the new balance affects your finances.
- Compare alternatives before borrowing against your home.
Cash-out reduces your available equity and increases the amount owed. Consolidating debt into a mortgage uses your home as collateral.
Look at the whole picture
Does refinancing make sense for you?
A lower payment is one part of the decision. Compare the costs today with the benefits over the time you expect to keep your new loan.
Closing costs
Review lender and third-party charges, points, and any credits. Ask whether costs are paid upfront, added to the balance, or offset by a lender credit.
Break-even timing
When a refinance lowers your payment, compare the upfront costs with the expected monthly savings and your plans for the property.
Total loan cost
Compare APR, repayment term, and total interest. Extending the term can lower a payment while increasing interest over the life of the loan.
Lender credits may reduce cash due at closing in exchange for a higher rate. “No closing cost” does not mean the loan has no costs. Rates, terms, availability, and approval depend on credit, property value, and underwriting.
A useful starting point
Explore the numbers
Use our mortgage calculator to estimate a payment, then ask Melissa for a personalized comparison of your existing mortgage and refinance options.
Calculator results are estimates. Use actual lender disclosures to compare rates, fees, and terms.
Mortgage payment calculator
Try different loan amounts, interest rates, and repayment terms to see how they affect a payment.
Open the Calculator
Guidance from the first question
Let’s get started.
I’m Melissa Alves. I help California homeowners, including those in Modesto and the Central Valley, understand their refinancing choices and take the next step with a clear plan.
Mortgage Loan Officer · NMLS #1993867
Alves Mortgage Team · Powered by NEXA Mortgage
Request Refinance Analysis
Call/Text Melissa
Before you refinance
Your questions, answered.
What should I bring to a refinance conversation?
Have your current mortgage statement, an estimate of your property value, and your goals ready. The lender may also request income, asset, insurance, and debt documents as part of the review.
Can refinancing remove mortgage insurance?
It may be possible depending on the new loan program, property value, loan-to-value ratio, and lender requirements. Compare the full costs rather than looking only at mortgage insurance.
Should I choose a shorter loan term?
A shorter term may reduce total interest but can increase your required monthly payment. Review your budget, goals, and the cost of the new loan with Melissa.
Will I automatically save money by refinancing?
No. Savings depend on the new rate, fees, term, and how long you keep the loan. Ask for a written comparison and review closing costs, APR, monthly payment, and total interest.
