Why a Mortgage Review Matters in 2026
Most homeowners rarely revisit their mortgage agreement after closing, but doing so might uncover opportunities to save money, adjust loan terms or tap into home equity. A quick check-in with a lending expert can help align your mortgage with your evolving financial goals.
Most homeowners rarely revisit their mortgage agreement after closing, but doing so might uncover opportunities to save money, adjust loan terms or tap into home equity. A quick check-in with a lending expert can help align your mortgage with your evolving financial goals.
Curious how a mortgage review might benefit you? Contact our mortgage experts and we’d be glad to run you through the possibilities.
Reassess Your Loan Term
Your mortgage term impacts both your monthly payments and the total interest you’ll pay.
- Shorten the Term: If your priority is long-term savings and paying off your home faster, reducing the length of your loan could cut down on interest costs.
- Extend the Term: If you need more breathing room in your monthly budget, stretching the loan term may lower your monthly payments and free up cash flow. (Be aware you may pay more interest over the long term.)
A loan specialist can walk you through the pros and cons of each option.
Unlock Equity for Big Plans
Your home’s equity can be a powerful financial tool. Whether you’re planning renovations, managing debt or funding a major purchase, there are ways to access that value:
- • Cash-Out Refinance†: Replace your current mortgage with a larger loan and receive the difference in cash.
- • Home Equity Loan††: Keep your existing mortgage intact and add a second loan that provides funds up front.
Both options can help you leverage your property to meet financial goals.
Consider Refinancing Opportunities
Mortgage rates shift constantly due to market conditions, federal policy and economic events. If rates drop below your initial rate, refinancing could reduce your monthly payments or save you money over the life of the loan. Keep in mind that refinancing comes with upfront costs, so it’s important to calculate whether the long-term savings outweigh the fees.
Have a No-Obligation Chat with an Expert Today
Curious how your mortgage could be better adapted to your lifestyle and your goals? Whether you want to pay off your home sooner, lower monthly expenses or access equity, a mortgage review could reveal opportunities.