7 Signs It May Be Time to Review Your Mortgage
Most homeowners never review their mortgage after the day they sign at closing.
And that's completely normal.
But over time things change.
Income changes.
Home values change.
Life goals change.
If even one of the signs below applies to you, it may be worth taking a quick look.
1. It's been more than 2–3 years since you looked at it
Many homeowners simply haven’t reviewed their mortgage since closing.
2. Your income has changed
Higher income may open the door to better loan structures or faster payoff options.
3. Your goals have changed
Some people want lower payments.
Others want to pay off their home faster.
4. You’ve built equity in your home
Home values may have increased since you purchased.
5. You still have mortgage insurance
Many homeowners eventually qualify to remove it.
6. You’re carrying higher-interest debt
Sometimes restructuring debt through home equity improves cash flow.
7. You simply want a second opinion
Even if nothing changes, a quick review can confirm everything is still aligned.
If even one of these signs applies to you, it might be worth taking a quick look at your mortgage.
You can schedule a short Mortgage Review here:
Schedule a Mortgage Review
If You Have A Question,
I Have A Solution,
A Hirsch Solution
Many homeowners I speak with haven't reviewed their mortgage since the day they signed at closing.
Questions people often ask
Should I refinance?
Refinancing can make sense when something about your situation has changed.
For some homeowners it means lowering their monthly payment.
For others it means paying off their home faster or using equity for another goal.
Sometimes everything is already perfect, and a review simply confirms that.
When does refinancing make sense?
The easiest way is to review your current mortgage and compare it to your goals today.
Things like income changes, home value increases, or long-term plans can all affect whether refinancing makes sense.
A quick Mortgage Review can help determine if anything is worth adjusting.
How long does refinancing take?
A refinance usually involves a credit check, which can cause a small temporary inquiry.
For most homeowners the impact is minimal and short-lived.
The bigger financial picture of the mortgage usually matters far more than the inquiry itself.
Will refinancing hurt my credit?
Mortgage insurance can sometimes be removed once enough equity has built up in the home.
This may happen through paying down the loan balance or through rising home values.
A quick review can determine whether removing mortgage insurance might be possible.
When can PMI be removed?
Most refinances take about 30–45 days, though timelines can vary depending on the situation.
During that time your current mortgage remains exactly the same until the new loan closes.
How much equity do I need?
A Mortgage Review is simply a quick look at your current loan and your goals today.
Sometimes nothing needs to change.
Other times homeowners discover small adjustments that could improve their situation.
It usually takes about 10–15 minutes.
If you still have questions, I'm always happy to help.
What Happens During a Mortgage Review?
Quick overview of your current mortgage
We briefly review your current loan and your goals today.
Identify possible opportunities
We look at whether anything has changed—equity, goals, or loan structure.
Clear next steps
Sometimes everything is already in great shape. Other times there may be options worth exploring.
NMLS #2470811 | CRD #7439330
Content on this website is for educational purposes only and does not constitute financial, legal, tax advice, or a commitment to lend. For information specific to your situation, please call or schedule an appointment.
All loans subject to approval. Equal Housing Lender.
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