One number decides if refinancing pays.
Not the rate. How long before the saving pays back what the refinance cost you.
We put that number in writing before you commit.
Takes about 2 minutes. No credit check to start.
- To lower the monthly payment
- To drop mortgage insurance they no longer need
- To take cash out for something specific
- To clear expensive card and car debt
- To open a line they can draw on later
Each one has a different answer. A rate on its own tells you almost nothing.
Licensed mortgage broker · NMLS 179997
Office in Vienna, Virginia
We speak 8 languages
Everyone quotes a rate. Nobody shows the math.
- A lower rate alone does not mean a refinance is worth it.
- On a $400,000 loan, $6,000 in closing costs and $220 monthly savings means a 27-month break even.
- Your break even depends on closing costs, credit score, and how long you plan to stay.
- A no-cost refinance using lender credits can reduce the upfront cost, though the rate may be slightly higher.
- Strong home equity can make refinancing options more valuable.
Which one of these is you?
Almost every refinance we place solves one of these six problems. One answer is to leave your loan alone.
You just want the payment down
A rate and term refinance lowers the rate and leaves the balance alone. A rate and term file is also the cheapest to close.
You are paying insurance you no longer need
Once you reach 20% equity, removing private mortgage insurance can save hundreds each month. For FHA buyers, refinancing may be the only way to eliminate it.
You need cash for something specific
A cash out refinance turns home equity into money at mortgage rates instead of card rates. Most lenders take a cash out refinance to 80% loan to value.
You are carrying expensive debt
Rolling cards and a car loan into a cash out refinance cuts the monthly cost sharply. It also turns short debt into thirty year debt against your home equity, which we spell out.
You want money available, not borrowed
A HELOC leaves your first loan alone and gives you a line to draw on. If your rate is low, a HELOC usually wins outright.
You are fixing the house, not moving
For bigger work, a renovation loan sized on the finished value often beats a cash out refinance against what it is worth today.
Two to four percent. Or nothing at all.
Those are your two choices, and neither is automatically right.
Pay the costs
Closing costs of about 2% to 4% cover the appraisal, title, recording and lender fees. Best if you stay a long time, and it removes any private mortgage insurance at the same time.
Pay nothing
Take a lender credit and a slightly higher rate. No closing costs, and the break even question disappears entirely.
Improve your credit first
Your credit score moves pricing as much as anything. A small fix beforehand beats shopping harder afterwards.
Borrow less than you can
A cash out refinance prices above a rate and term one, and the gap widens as your loan to value rises. A better credit score narrows it again.
Check for a streamline
VA and FHA both have a fast version with less paperwork, often no appraisal, and no loan to value test. It gets checked first.
A bank has one answer. We have several.
A refinance is the easiest thing in this business to sell badly. A rate with no math behind it sounds like a saving either way.
We show the break even first
Your break even in writing, with the closing costs listed, so you can say no if the numbers say no.
We price the no cost version too
Both kinds of refinance, side by side, same day, without you having to ask.
We tell you to keep your loan
If your rate is low and you need cash, a HELOC usually beats touching the first loan. We say so even though it earns us less.
We check the fast route first
On a VA or FHA loan the streamline is quicker and cheaper. That gets looked at before anything else.
SAI Mortgage, Inc.
Is committed to helping you find the right mortgage product for your needs, whether you’re exploring a home mortgage loan, considering a home mortgage loan in Virginia, or comparing other financing options. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements, ensuring you receive guidance that fits your unique financial goals.
Three steps. That is it.
Most people are pre-approved within two days.
Tell us how you get paid
A short call, in your language if you like. No credit check yet.
We shop it for you
We check many lenders and send you what you qualify for, in writing.
You get the keys
We handle the rest and close on the date you need.
Licensed in Virginia, DC and Maryland.
From our office in Vienna, we serve buyers across the Commonwealth — and your file follows you if you move across state lines.
Northern Virginia
I-95 Corridor
Hampton Roads
Central & Western Virginia
What people ask us first.
The questions that come up on almost every call.
How much does it cost?
A refinance costs 2% to 4% of the loan, or nothing at all if you take a lender credit and a slightly higher rate.
How much equity do I need?
For a lower rate, often very little. For a cash out refinance, most lenders stop at 80% loan to value, and VA allows more.
Do I start thirty years again?
Only if you want to. You can refinance into a shorter term, and if the rate drops enough the payment may barely move.
Will it hurt my credit?
A hard check moves your credit score slightly for a few months. Several mortgage checks in a short window count as one. Dropping private mortgage insurance usually more than covers it.
How long does it take?
Usually 30 to 45 days. A VA or FHA streamline can be much faster, because there is often no appraisal.
Ask for the break even. Not the rate.
Send your balance, your rate and how long you plan to stay. We come back with the break even on each option, including the refinance that costs you nothing.
If you already hold a VA or FHA loan, say so at the start. The fast route changes the answer completely.