Quick Answer

    What is the Cascada Refinance Assistant and who is it for?

    The Refinance Assistant is a free online questionnaire from Cascada Mortgage Advisors, Inc. (NMLS #2470941, CA DRE #02206556), founded by Omar Michel (NMLS #398944, CA DRE #02131389), for Southern California homeowners deciding whether to refinance. It collects your current rate, balance, estimated value, loan type, and goal, then shows which paths fit — rate-and-term, cash-out, VA IRRRL, or FHA Streamline. No credit is pulled and there is no score impact. Results are educational, not an approval: pricing comes from the 100+ wholesale lenders in the firm's network, and the decision rests on whether monthly savings clear your closing-cost break-even point.

    — Cascada Mortgage Advisors, Inc.

    Refinance Assistant

    This Free Refinance Assistant has been designed to help you explore your options based on your individual needs. It's quick, it's easy, and the more questions you answer - the more accurate your results. You'll receive the refinancing information you need instantly without all the calls and emails!

    20%

    Step 1 of 4

    What's your main goal?

    🔒 Any information you share is secure. It will not be sold or reused.

    Buying instead of refinancing? Try the Purchase Assistant. You can also check current benchmarks on Today's Rates or compare equity options on our HELOC page.

    Refinance Questions

    The Refinance Assistant is a free guided questionnaire that identifies which refinance paths fit your current loan. It asks about your existing rate and balance, estimated home value, loan type, and goal — lowering the payment, shortening the term, or taking cash out — and then shows the options that match. No credit is pulled and there is no score impact.

    A rate-and-term refinance replaces your existing loan to change the interest rate, the term, or both, without increasing the balance beyond closing costs. A cash-out refinance increases the loan balance and returns the difference to you as cash, which typically means a slightly higher rate and stricter loan-to-value limits. Both are compared for you inside the assistant.

    Yes. VA borrowers can use the VA IRRRL (Interest Rate Reduction Refinance Loan) and FHA borrowers can use the FHA Streamline, both of which reduce documentation compared with a standard refinance. Eligibility depends on your existing loan type and payment history, so the assistant asks which loan you currently hold.

    Compare your total closing costs against the monthly savings to find the break-even point, then confirm you plan to keep the home past it. Omar Michel (NMLS #398944, CA DRE #02131389) of Cascada Mortgage Advisors, Inc. (NMLS #2470941, CA DRE #02206556) prices the scenario across 100+ wholesale lenders so the comparison uses a rate you actually qualify for rather than an advertised one.