At LENDERLINE, we often help clients weigh two powerful tools—prepayment and refinancing—both designed to cut interest and build equity faster.

Prepayment:
You simply pay extra toward principal. It’s quick, flexible, and doesn’t require a new loan. Ideal if your rate is already competitive and you just want to shorten your payoff timeline.

Refinancing:
We replace your current mortgage with a new one—usually at a lower rate or different term. It requires a full application and closing but can reduce monthly payments immediately.

LENDERLINE Insight:
We use side-by-side modeling to show each path’s long-term impact before you decide. Many clients prepay modestly now while planning to refinance later when rates improve.