{"id":18,"date":"2026-09-02T09:00:00","date_gmt":"2026-09-02T09:00:00","guid":{"rendered":"https:\/\/demos.canvaswp.com\/mortgage\/loan-program\/refinance\/"},"modified":"2026-09-02T09:00:00","modified_gmt":"2026-09-02T09:00:00","slug":"refinance","status":"publish","type":"canvas_mtg_loan","link":"https:\/\/demos.canvaswp.com\/mortgage\/loan-program\/refinance\/","title":{"rendered":"Refinance"},"content":{"rendered":"<h2 style=\"color: var(--cnvs-contrast-900); font-size: 1.4rem\" class=\"fw-bold mb-3 wp-block-canvas-core-heading\">When a Refinance Makes Sense<\/h2>\n<p style=\"color: var(--cnvs-contrast-600); font-size: 1rem; line-height: 1.7\" class=\"mb-4 wp-block-canvas-core-heading\">A refinance replaces the loan you have with a new one. It is worth doing when the new rate, term or cash-out covers the closing costs within a period you are comfortable with, and we show you that break-even month before you commit.<\/p>\n<p style=\"color: var(--cnvs-contrast-600); font-size: 1rem; line-height: 1.7\" class=\"mb-4 wp-block-canvas-core-heading\">Rate-and-term refinances lower the payment or shorten the loan. Cash-out refinances turn part of your equity into funds for renovations, debt consolidation or an education.<\/p>\n<h2 style=\"color: var(--cnvs-contrast-900); font-size: 1.4rem\" class=\"fw-bold mb-3 wp-block-canvas-core-heading\">What We Compare for You<\/h2>\n<ul class=\"process-step-list mb-0 wp-block-canvas-core-wrapper\">\n<li class=\"wp-block-canvas-core-heading\">Your current payment against every new option<\/li>\n<li class=\"wp-block-canvas-core-heading\">The month your savings overtake the closing costs<\/li>\n<li class=\"wp-block-canvas-core-heading\">Cash-out amounts at 80% of your home value and below<\/li>\n<li class=\"wp-block-canvas-core-heading\">Whether a shorter term saves more than a lower rate<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Lower your rate or tap your equity with a smart refinance strategy tailored to your goals.<\/p>\n","protected":false},"menu_order":2,"template":"","meta":{"_canvas_mtg_loan_best":"Owners who want a lower payment, a shorter term or cash from equity","_canvas_mtg_loan_credit":"620 or higher, 640 for most cash-out loans","_canvas_mtg_loan_down":"None: a cash-out refinance keeps at least 20% equity","_canvas_mtg_loan_icon":"bi-arrow-repeat","_canvas_mtg_loan_terms":"Restart at 10 to 30 years, or match your remaining term"},"class_list":["post-18","canvas_mtg_loan","type-canvas_mtg_loan","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/demos.canvaswp.com\/mortgage\/wp-json\/wp\/v2\/canvas_mtg_loan\/18","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demos.canvaswp.com\/mortgage\/wp-json\/wp\/v2\/canvas_mtg_loan"}],"about":[{"href":"https:\/\/demos.canvaswp.com\/mortgage\/wp-json\/wp\/v2\/types\/canvas_mtg_loan"}],"wp:attachment":[{"href":"https:\/\/demos.canvaswp.com\/mortgage\/wp-json\/wp\/v2\/media?parent=18"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}