You’re likely eligible with sufficient equity, credit ~620+, and verifiable income. Whether you should depends on your break-even — how long until the savings outrun the closing costs.
Are you eligible?
Most homeowners with equity, stable income, and reasonable credit qualify for some refinance. Program choice (conventional, FHA, VA, non-QM) widens eligibility across situations.
Should you refinance?
Eligibility aside, the real test is the break-even point: divide your closing costs by your monthly savings. If you’ll stay past that point, refinancing usually pays. We run this math before you commit.
Frequently asked questions
How soon can I refinance after buying?
Often after a short seasoning period. Some programs allow it quickly; we’ll confirm for your loan type.
Is it worth refinancing for a small rate drop?
Only if you’ll stay past the break-even point. We’ll calculate it so it’s not a guess.
Can I refinance an investment property?
Yes, at lower LTV and higher rates than a primary residence. DSCR refinance is popular with investors.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.