Mortgage Refinance Options From a California Broker
A mortgage refinance replaces your current home loan with a new one, usually to change the rate or term, drop mortgage insurance, switch loan types or take cash out. California mortgage broker Ted Erickson compares refinance programs across many lenders and shows you in writing whether a refinance actually pays off before you commit.
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NMLS #223442
24 Years Closing Loans
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Mortgage Refinance at a Glance
The main reasons to refinance and how Ted checks whether it makes sense for you.
| Item | Detail |
|---|---|
| What it does | Replaces your current mortgage with a new loan |
| Common goals | Change rate or term, drop mortgage insurance, switch loan type, take cash out |
| Types Ted arranges | Rate and term refinance, cash-out refinance, jumbo, FHA, VA and bank-statement refinances |
| How offers are compared | Loan Estimates from more than one lender, side by side |
| Where Ted works | Marin, Sonoma County and all of California |
| Licensing | Ted Erickson NMLS #223442, Barrett Financial Group NMLS #181106 |
Is it good to refinance a mortgage?
It is good when the savings or the change you need outweigh the closing costs before you plan to sell or refinance again. That math is different for every homeowner. Ted runs your break-even point on real Loan Estimates, and if a refinance mortgage does not pay off for you, he will tell you to wait.
How a Refinance Mortgage Works With Ted
Ted starts with your goal, not a product. Some homeowners want a lower payment, some want a shorter term, some want to drop mortgage insurance or move off an adjustable rate, and some need cash from their equity.
He then compares each refinance home loan offer across lenders, lines up the Loan Estimates and shows you the closing costs, the break-even point and what changes on your loan. Working with a refinance mortgage broker means you decide with several offers in front of you, not one.
If you mainly want cash from your home, compare a cash-out refinance with a second loan that leaves your first mortgage alone. See HELOCs and fixed-rate second mortgages, and read mortgage broker vs bank on why shopping lenders matters.
Tell Ted What Happened
Got turned down, stuck in underwriting, or have a deal that doesn’t fit the box? Call or text Ted directly, or start your application online.
Theodore Emery Erickson · NMLS #223442 · (415) 717-0477
Barrett Financial Group, L.L.C. · NMLS #181106 · NMLS Consumer Access
Branch: 3207 Grey Hawk Court, Suite 110, Carlsbad, CA 92010
CA 60DBO-46052 and 41DBO-148702. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Equal Housing Opportunity. Equal Housing Lender. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility.
Questions About Mortgage Refinance
Straight answers to what homeowners ask most before a mortgage refinance.
Call or text (415) 717-0477