Through a rate-and-term refinance, you can reset your mortgage in a way that may better fit your lifestyle. Choosing a longer term may lower your monthly payment, freeing up cash for travel, education, or other family priorities. Choosing a shorter term may raise your monthly payment, however, it reduces what you will pay in total interest and help preserve more of your wealth for the future.

With a cash-out refinance, you get a new, larger loan that replaces your existing balance and gives you an additional lump-sum payment, unlocked from your home’s equity. This new money can support a variety of needs. Most people use it for property renovations, education expenses or other important financial priorities.

Jumbo loans provide financing for high-value properties. While rates are typically higher than for conforming mortgages, some borrowers may be eligible for preferred pricing.

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Mortgage refinancing

Q: Conforming & high-balance

If you’re looking for financing for a smaller or mid-size home, conforming and high-balance loans could be a good fit for you. Note that borrowing limits may vary. However, these loans offer some of the most attractive interest rates and a streamlined process to help make your home purchase simpler and smoother.

Q: Fixed, ARM, and interest-only structures

Fixed, ARM, and interest-only options let you balance stability, flexibility and cash-flow, to help ensure your choice aligns with your financial goals. Your lending specialist can give you additional insight and guidance.

Q: What should I know before refinancing my home?

First, it’s important to be as clear as possible on your goals. Do you want to lower your rates, reduce your monthly payments, shorten or lengthen your loan terms, or tap into cash for major expenses or investments? Your answer will determine your best refinancing option.

Q: Is refinancing my mortgage worth it?

It depends on a few factors: mainly whether any savings you gain from a lower rate or shorter term will outweigh the refinancing closing costs or fees. If you don’t plan to sell in the near future, for instance, you may want to refinance because over time, your savings from a lower rate might exceed the refinancing costs. If you plan to sell soon, then refinancing might not be worth it.

Q: How much will refinancing cost, and when should I do it?

Know that there are closing costs that will vary, depending on your lender, which is usually a percentage of the loan amount. The right time to refinance for you depends on the current interest rates, your existing loan, and your overall financial strategy. Ask your lending specialist when the best time to refinance is for you.

Q: How can refinancing help my overall finances?

A mortgage refinance can help support your investment plan and create space to pursue life goals beyond your portfolio. This includes funding family initiatives, supporting philanthropy, or preparing for future milestones.

Q: What credit score do I need to have to refinance?

Usually, lenders require a score of 620+ to secure a loan, and those with a score of 740+, generally can get the best interest rates. The rule of thumb is, the higher your credit score, the better interest rate you can get.

Refinance your mortgage and grow your wealth

5 min read

We are one of the world’s leading wealth management firms providing a wide range of services through experienced Financial Advisors that includes wealth planning, investment advice, tailored financial solutions and more. Working together, we take a holistic approach to your financial life, integrating cash management, financing and mortgage solutions that can work with your long-term financial goals.

Discuss your options. A UBS Advisor can connect you with a specialist.

Why refinance your mortgage?

Refinancing is more than a transaction. It’s a financial decision that can play a pivotal role in helping you maintain the lifestyle you want while planning for the financial future you envision for your family and your legacy.

Your home is where your life happens and memories are made, so the way you structure your financing should reflect your unique needs and goals.

What is mortgage refinancing?

Mortgage refinancing is a way to replace your current home loan with a new one, often to secure a lower interest rate, adjust your repayment timing or to tap into the value of your property. It is a relatively common financial move that can help you save money, improve your current lifestyle or support your long-term financial goals.

A cash-out refinance helps you tap into the equity of your home to provide lump-sum funds for investments, business opportunities or other major expenses without disrupting your portfolio.

You can revise loan terms to pay down principal faster, or structure loans in ways that complement trust and estate strategies.

Depending on the direction of the markets and interest rates, choose among fixed and adjustable rate mortgages (ARMs), or consider interest-only features.

Coordinate potential interest deductions and loan structures with your lending specialist and tax professional.

Finance a second property, renovate your home, or give intergenerational support to a charity or family through a long-term wealth plan.

A UBS Financial Advisor can connect you with a lending specialist to help you better understand your options.

Explore your options
A UBS Financial Advisor can connect you with a lending specialist who can guide you through your refinancing decisions to help you find the right solution.
Click here to fill out a form and get in touch with a UBS professional to discuss how a mortgage refinance affects your overall wealth strategy.

Refinancing strategies

Choose the option that best fits your need for greater flexibility, cash flow or long-term savings.

Rate-and-term

Cash-out

Loan structures

Refinancing provides loan structures that balance stability and flexibility, keeping your payments and capital aligned with your goals.

Conforming & high-balance

Jumbo loan

Fixed, ARM, and interest-only structures

01
Start with your documents
To move things forward smoothly, gather any documents you may need, such as proof of income, assets, and any outstanding debts. This helps your lending specialist build a clearer picture of your finances and plan for next steps.
02
Have a conversation
Next, you’ll want to discuss your current mortgage, financial goals, and portfolio with your lending specialist to see if refinancing is right for you. This helps ensure any changes support your investment strategy, tax plan, estate considerations and more.
03
Application, underwriting, and closing
Once you select a refinancing program, you’ll start the application process. Your lending team should handle the application and underwriting, making the process simpler and smoother. Once everything is in order, your lender will help you close.
04
Ongoing wealth plan integration
After closing, your mortgage becomes part of your ongoing wealth management plan. It also helps to have a financial advisor regularly review your mortgage against market trends, your changing life and evolving financial goals, aligning your lending solutions with your overall financial life.