Refi Goal Finder checklist
Questions to ask a lender
Straight answer
Start by telling the lender your goal, then ask how the offer meets it. The answers show whether the loan fits the reason you are refinancing.
Last reviewed against the primary sources listed below.
The goal
- How does this loan meet my goal of lowering the payment, shortening the term or changing the loan type?
- How does the new term compare with the years left on my current loan?
Cost
- What are the total closing costs, and are any rolled into the loan?
- When will the savings cover the costs?
Process
- Do you need an appraisal?
- How long will the refinance take?
How to use the answers
Match each answer to your goal in the quiz to see whether the offer fits.