Run the whole comparison
Look at the payment, the term and the total cost, not just one number. Your loan originator can lay out both structures.
loan programs
Refinance / HELOC
A refinance replaces your existing mortgage with a new one. A home equity line of credit adds a separate revolving line secured by your home.
Unlock the equity in your home with a refinance or home equity line of credit (HELOC) from Boss Mortgage. Whether you’re looking to lower your monthly payments, consolidate debt, or fund home improvements, our refinancing options and HELOCs provide flexible solutions tailored to your financial goals.
What this financing is
Homeowners refinance for different reasons: changing the payment, changing the term, consolidating debt, funding improvements, or adding or removing a borrower after a life change.
A HELOC leaves your first mortgage in place and gives you a line you can draw against. Which structure fits depends on your existing loan, your goal and current market conditions.
Who it may be a fit for
Homeowners funding a remodel
Homeowners consolidating higher-payment debt
Homeowners who want to change their loan term
Borrowers removing or adding someone from the loan
Homeowners who want access to equity without replacing their first mortgage
Not sure if Refinance / HELOC fits your situation?
A licensed Boss Mortgage loan originator can look at the details with you and explain what applies to you.
What to think about
Timing matters
Whether a refinance makes sense depends on your current loan and on market conditions, which change.
Divorce and title changes
If the goal is buying out another party, say so early — those files have their own requirements.
Draw periods differ
HELOC terms, draw periods and rate structures vary by lender.
How the process works
1. Review your goals and options
Discuss your current mortgage, your plans and your property's equity with a licensed BOSS Mortgage loan originator. Compare refinance and home equity options, including costs, repayment terms and how they fit your situation.
Discuss your current mortgage, your plans and your property's equity with a licensed BOSS Mortgage loan originator. Compare refinance and home equity options, including costs, repayment terms and how they fit your situation.
Submit an application and the requested income, asset, mortgage and property information. Your loan originator can explain the documentation and any property valuation needed for the option you are considering.
The lender reviews your application and any outstanding requirements. If approved, review the final disclosures and repayment terms before closing. Your loan originator can explain any applicable cancellation period and when a refinance or home equity line can become available.
Frequently asked questions
Why do homeowners refinance?
Common reasons include changing the monthly payment, changing the loan term, consolidating debt, funding home improvements or removing or adding a borrower.
Whether refinancing makes sense depends on your current loan, your goals and current market conditions.
What is the difference between a refinance and a HELOC?
A refinance replaces your existing mortgage with a new one. A home equity line of credit is a separate revolving line secured by your home that you can draw against.
Boss Mortgage can compare both so you can see how each would affect your payments.
Can I buy a home with less-than-perfect credit?
Yes. We offer loan programs that are designed to help buyers with lower credit scores. Our experts will review your situation and find the best path forward.
Can I get a mortgage after a bankruptcy?
Boss Mortgage offers specialized lending programs for individuals who have gone through bankruptcy. Waiting periods and documentation depend on the type of filing and the program.
A loan originator can review where you are today and outline realistic next steps.
What should I avoid while my loan is in process?
Large new debts, changing jobs without telling your loan originator, moving money between accounts without documentation and closing accounts can all complicate underwriting.
When in doubt, ask before you act — it is much easier than fixing it later.
Other programs
Divorce Situations
Mortgage guidance during a divorce, including buyouts and refinancing, handled with discretion by Boss Mortgage.
Learn more →
Conventional Loans
Learn how conventional mortgage financing works, who it may suit and how to talk it through with a licensed Boss Mortgage loan originator.
Learn more →
HECM / Reverse Mortgage
Home Equity Conversion Mortgage information for homeowners aged 62 and older, with guidance from Boss Mortgage.
Learn more →
Investor Loans
Financing for rental and investment property, from a first rental to a growing portfolio, with Boss Mortgage.
Learn more →Ready to get started?
Every situation is different. We’ll help you understand your options and what may fit your goals.
This page is general information about mortgage financing and is not a commitment to lend, an offer of credit, or financial or legal advice. Program availability, guidelines and requirements are set by lenders and investors, can change, and depend on your individual circumstances and the property. Talk with a licensed Boss Mortgage loan originator about what applies to you.
Boss Mortgage LLC NMLS #2547821. See the Licensing page for state licensing information. Additional disclosures appear in the footer of every page.