Mortgage Refinance
Refinance with Confidence
Your mortgage should evolve with you. Whether you're looking to lower your interest rate, reduce your monthly payments, access home equity, or simplify your finances, refinancing can be a powerful tool to take control of your financial future.
At Valko Financial, we’ll guide you through a personalized refinancing strategy that supports your goals—now and in the years ahead. From unlocking equity for renovations or investments, to consolidating high-interest debt into one manageable payment, or simply securing a better rate, we’re here to help you make the most of your mortgage.
If your current rate is higher than today’s market, you’re carrying debt, planning a major purchase, or approaching renewal, it’s worth exploring your refinancing options early. Let’s make your mortgage work smarter for you.
Does refinancing cost money?
Yes, there can be costs associated with refinancing—but they vary depending on your lender, mortgage type, and the timing of your refinance.
Some of the most common costs include legal fees, appraisal fees, and possibly a prepayment penalty if you're breaking your current mortgage early. However, in many cases, these costs can be rolled into your new mortgage or offset by the savings you gain with a better rate or debt consolidation.
We’ll walk you through the numbers so you know exactly what to expect—and help you determine whether refinancing is the right move for your goals. In many cases, the long-term savings outweigh the upfront costs.
How much equity do I need to refinance?
To refinance your mortgage and access your home’s equity (often called a “refi with equity take-out”), most lenders require that you retain at least 20% equity in your home after refinancing. That means you can typically borrow up to 80% of your home’s appraised value, including your existing mortgage balance.
If you're not looking to access equity and are simply refinancing for a better rate or to consolidate debt, the equity requirement may vary. Not sure how much equity you have? At Valko Financial, we’ll run the numbers and help you understand your options—so you can refinance with clarity and confidence.
Can I refinance early?
Yes, you can refinance your mortgage before your term is up—but it’s important to understand the potential costs involved. Refinancing early may come with a prepayment penalty, especially if you’re breaking a fixed-rate mortgage. The amount depends on your lender and how much time is left in your term.
That said, in many cases, the long-term savings from a lower rate, better terms, or debt consolidation can outweigh the penalty. It’s all about running the numbers and weighing the pros and cons.
I had an excellent experience with the Tracy Valko team. Santiago and Matt were incredibly helpful, providing clear advice and great mortgage options tailored to my needs. They made the process simple and stress-free, especially with the paperwork, which they handled smoothly and efficiently. I really appreciated their professionalism and support throughout the process. Highly recommend them if you are looking for a mortgage good rate
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Diana Carreon
17 days ago
I have worked with Tracy and her team for over 10 years and would highly recommend her services. Tracy is responsive, knowledgeable, supportive and works to educate her clients. I have appreciated her personal service and guidance over the years. Thanks Tracy!
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Ms. Giraffezilla
19 days ago
Tracy and her team is a step above the rest! They are committed, helpful and have your best interest at heart. I should know, I have known some of them for 30 yrs.
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Helga Peller
8 years ago
Ready to explore your options?
Let’s chat about your goals and see if refinancing makes sense for you. We’ll run the numbers, compare your options, and help you make a confident decision.