Ready to make your mortgage work better for you? Whether you’re looking to lower your interest rate, access equity, or change your loan terms, Kristy Gannon at Ownity Mortgage offers tailored refinance home loan solutions across California. With over 20 years of experience, Kristy will help you understand your options and guide you every step of the way.
Refinance Home Loans allow you to replace your existing mortgage with a new one—ideally with better terms that align with your current financial goals. You can refinance to lower your monthly payment, reduce your interest rate, change your loan type, or tap into home equity through a cash-out refinance. Kristy Gannon helps homeowners throughout California evaluate their options and make informed, confident refinancing decisions.
If your current mortgage no longer fits your financial goals, refinancing could offer real savings and flexibility. Refinance home loans are ideal for homeowners who want to lock in a lower rate, pay off their mortgage faster, switch from an adjustable-rate to a fixed-rate loan, or access equity to fund big expenses like home improvements or debt consolidation. Kristy Gannon will work with you to customize a solution that fits your life today and tomorrow.
The refinancing process involves taking out a new loan to replace your existing mortgage. Depending on your goal, you may refinance to get a lower interest rate, adjust your loan term, or convert your equity into cash. Just like a home purchase, refinancing involves an application, appraisal, and closing. With Kristy’s support, the process is smooth and efficient—from reviewing rates to signing at the closing table.
Refinance home loan options vary based on your goals. You can reduce your rate or loan term with a rate-and-term refinance, access equity through a cash-out refinance, or simplify the process with an FHA, VA, or USDA streamline refinance if you have a government-backed loan. Kristy Gannon will help you choose the right option to match your needs and long-term plans.
Refinancing can lead to real savings and new financial opportunities. It allows you to lower your monthly payment, reduce your total interest over time, switch to a more stable loan type, or pull out cash to cover major life needs. With Kristy Gannon’s expert guidance, you’ll discover how refinance home loans can improve your financial picture while staying rooted in the home you love.
If interest rates have dropped since you took out your original mortgage—or if your financial situation has changed—now might be the perfect time to consider refinancing. Whether you want to save money monthly, pay off your loan sooner, or leverage your home’s equity, Kristy Gannon can help you decide if refinancing makes sense and run the numbers to show your options clearly.
With over 20 years of mortgage experience, Kristy Gannon brings deep knowledge and a personalized approach to every refinance. Based in California, she offers honest advice, clear communication, and a proven track record of helping homeowners secure better mortgage terms and financial peace of mind. At Ownity Mortgage, Kristy is your trusted partner from start to finish.
From first-time homebuyers to seasoned investors, we offer a wide range of Home Loan and Mortgage solutions designed to meet your unique needs. Discover competitive rates, flexible terms, and expert support to help you achieve your homeownership goals.
Refinancing is the process of replacing an existing mortgage with a new loan that has better terms, lower interest rates, or different loan features. Homeowners refinance to reduce costs, shorten repayment periods, or access home equity.
Kristy will run a full comparison of your current loan and today’s market to help you calculate potential savings through a refinance—whether it’s from a lower rate, reduced term, or accessing equity.
A rate-and-term refinance changes your interest rate, loan term, or both—without taking equity out. A cash-out refinance allows you to borrow against your equity and receive the difference in cash at closing.
Yes, many refinance home loans are available for borrowers with credit challenges. Kristy will review your credit profile and match you with programs that fit your financial goals and current situation.
This depends on your loan type and goal. For a rate-and-term refinance, you typically need 5%–20% equity. For a cash-out refinance, lenders often require at least 20% equity. Kristy will help assess your property and determine what’s possible.
Yes, refinancing usually comes with closing costs, but they can often be rolled into the new loan. Kristy will provide a full breakdown and help you understand your options so there are no surprises.
Most refinance home loans close in 20–30 days, depending on the complexity and required documentation. Kristy ensures a smooth, well-communicated process from start to finish.
Absolutely. If you have an existing FHA, VA, or USDA loan, you may qualify for a streamline refinance, which is faster and requires less paperwork. Kristy can help you explore eligibility and savings.
Yes, if you’ve built enough equity—typically 20% or more—you may be able to refinance into a loan without private mortgage insurance. Kristy can calculate your equity and help you remove PMI to reduce your monthly costs.
A refinance loan replaces your existing mortgage with a new one, offering improved interest rates, monthly payments, or loan terms. Unlike your original mortgage, refinancing gives you the opportunity to modify your loan structure to meet current financial needs.
Homeowners should consider refinancing if they:
Yes! If your home value has increased, refinancing can allow you to eliminate PMI, secure a lower interest rate, or take out a cash-out refinance to access equity.
Yes! If your home value has increased, refinancing can allow you to eliminate PMI, secure a lower interest rate, or take out a cash-out refinance to access equity.
A minimum credit score of 620 is typically required for conventional refinancing. FHA and VA streamline refinance programs may allow lower credit scores with minimal documentation.
Yes, refinancing involves closing costs, usually ranging from 2% to 5% of the loan amount. Some lenders offer no-closing-cost refinance options, which roll the fees into the loan.
A cash-out refinance allows homeowners to borrow against their home’s equity by replacing their mortgage with a new, larger loan. The difference between the old and new loan amounts is paid out in cash, which can be used for home renovations, debt consolidation, or major expenses.
Yes! Homeowners with government-backed loans can refinance using streamline refinance programs, which offer faster approval, reduced paperwork, and minimal credit requirements.
Most lenders require homeowners to wait at least 6 months after closing on their original mortgage before refinancing. However, waiting 12-24 months may provide better loan terms.
Refinancing may cause a temporary dip in credit score due to a hard credit inquiry. However, if refinancing reduces monthly payments and improves financial stability, it can boost credit scores in the long run.
If you don’t qualify for refinancing, consider:
