NMLS #1989712
Scott Wise
Senior Mortgage Advisor
Areas served- California
- Texas
- English
Start your home financing journey:
About me
Texas Native, (Hook'em!🤘) With 26+ years in the mortgage industry and Texas native! 2nd Generation Mortgage Broker: Grew Up in the Industry, with Over $2 Billion Funded – 7,500 + Loans Closed.Having had the privilege of being part of the mortgage industry since 1998, with a humble start at Countrywide Home Loans while pursuing my college education. Throughout my career, I've had the opportunity to work with both prominent national banks and regional wholesale lenders. Over the years, I've had the honor of assisting countless borrowers in realizing their dreams of homeownership.
My passion lies in guiding first-time homebuyers through the entire process, offering unwavering support every step of the way. Witnessing their journey from application to funding is incredibly rewarding, as it marks the achievement of their homeownership goals.
Mortgage banking runs in my blood, with family ties deeply rooted in the industry – my father as a mortgage broker, my mother as a skilled loan processor, and my uncle as a VP at Countrywide Home Loans. This legacy has shaped my profound love for this field.
Beyond my professional life, I am a proud father of two wonderful children, one of whom has special needs. This experience has taught me the true meaning of patience and adaptability. Additionally, my family includes a lovable rescue dog.
Entrepreneurship has been a consistent thread throughout my life, and I find immense fulfillment in connecting with people and making a positive impact. I'm truly passionate about what I do, both in my career and in my personal life.
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100% Trust rate
Hear the stories of others I’ve worked with
Delivered on EVERYTHING he said
We were approved by 2 other lenders first, and both of these lenders didn't do their due diligence and would of cost us some serious money had we gone with them. But Scott from day 1 was thorough and transparent. He would break things down visually and explain things. He would search for the best options for us and ultimately delivered on EVERYTHING he said he would! He was very patient with me and answered all questions or concerns as soon as any came up. I can't recommend him enough!! Go with someone you can trust. If you don't believe me go ahead and get some numbers from others and then bring them to Scott and watch him beat them substantially! Read more
Philip Apley
We couldn't be happier
I don't normally leave reviews but by far Lucky, Katrina, Navdeep, Scott and the rest of the team deserve the very best of a review. We were working with another lender at the time and through referral by our real estate agent we were able to see night and day the difference between services. It was like working with family. My wife and I felt fully taken care of and accommodated. Our questions were always answered and detailed so we could make our own educated decisions as first time home buyers. We couldn't be happier with them and have recommended them to friends and family for future home buying and/or refinancing. I wish only the best for them but honestly they don't need it with the way they treat their customers. In this day and age you need a team you can trust especially with one of the biggest decisions of your life. Hands down I'll go to them time and time again! Read more
Jonathan Diep
I can without hesitation recommend their services
Scott Lucky, Katrina and the entire team went above and beyond to make my home buying experience such a wonderful one in a difficult market. They thoroughly explained all of my options, completed transactions in a timely manner and came through with lower rates and a faster close than anticipated. This is a company that I have worked with for 11 years and I will never go anywhere else. I can without hesitation recommend their services to friends and family. Read more
Heather Kim
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Mortgage Calculator
Reliance Financial · Mortgage Tools
Should You Refinance?
Run the Numbers.
See your monthly savings, break-even date, and total interest saved — in under 60 seconds.
Your Current Loan
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Home Value & Equity
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New Loan Terms
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Term Availability Note: Custom fixed-rate terms from 8 to 30 years are available on conventional loan products only. They do not apply to adjustable-rate mortgages (ARMs), FHA, VA, jumbo, non-QM, HELOC, or reverse mortgage products. Not all term options are offered by every lender. Speak with a Reliance Financial advisor to confirm which terms are available for your specific loan scenario.
Closing Costs
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Ask us about our no-cost refinance options. In many cases, closing costs can be covered through lender credits — so you can refinance with $0 out of pocket.
Call: 888-973-5346 · Email: sales@reliancefinancial.com
Call: 888-973-5346 · Email: sales@reliancefinancial.com
Monthly Savings
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per month
Break-Even
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months
Total Interest Saved
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over loan life
Side-by-Side Comparison
| Detail | Current Loan | New Loan | Change |
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Remaining Balance Over Time
🔎 Check Your Personalized Rate Quote
Live rates based on your loan profile. No obligation.
Want to know if you qualify?
A Reliance Financial advisor will review your scenario and reach out within one business day.
You're All Set!
Your refinance scenario has been sent to our team.
Expect a call or text within one business day.
Next Step
Ready to See Your Actual Rate?
Your results above are planning estimates. A real loan estimate is based on your credit profile and verified documents — and takes about 10 minutes to start.
Loan estimates under federal law (RESPA/TRID) require a full credit pull and verified application data. The good news: a soft credit inquiry checks your eligibility first, with no impact to your score until you choose to move forward.
Credit Pull
Soft check first — hard pull only when you're ready to proceed
Proof of Income
Pay stubs, W-2s, tax returns, or P&L if self-employed
Asset Statements
Bank and investment accounts (last 2 months)
Government-Issued ID
Driver's license or passport — one valid photo ID
No obligation until you're ready to lock. Your information is encrypted and secure.
Questions? Call us at 888-973-5346
Questions? Call us at 888-973-5346
Common Questions
How is the break-even point calculated?
Break-even is your total closing costs divided by your monthly payment savings. If you save $300/month and closing costs are $4,000, your break-even is about 14 months. After that, every month you stay in the home is money saved.
What closing costs are included in the $4,000 default?
The $4,000 default reflects typical costs for appraisal, escrow, title, recording, notary, and underwriting fees. It does not include origination points. Your actual costs vary by lender, loan size, and property location — your loan estimate will have the exact figure.
Does a cash-out refinance affect my rate?
Yes, slightly. Cash-out refinances typically carry a rate 0.125% to 0.250% higher than rate-and-term refinances. Your actual rate depends on credit score, property type, and loan-to-value ratio. A Reliance advisor can show you the exact pricing for your scenario.
How much equity can I access in a cash-out refinance?
Most conventional lenders allow you to borrow up to 80% of your home's appraised value. If your home is worth $800,000 and you owe $500,000, you could access up to $140,000 in cash. Loan limits, property type, and credit profile may affect this.
What is a no-cost refinance and how does it work?
A no-cost refinance means your closing costs — appraisal, title, escrow, and other fees — are covered through a lender credit rather than paid out of pocket. In exchange, you typically accept a slightly higher interest rate. For borrowers who don't want to bring cash to closing or plan to move within a few years, a no-cost refinance can be the smarter financial move. Reliance Financial structures a significant number of no-cost refinances — call or email us to find out if it makes sense for your scenario.
Will refinancing reset my loan clock?
It depends on the term you choose. If you have 27 years left and refinance into a new 30-year loan, yes — you are extending your payoff date by 3 years. But if you refinance into a 27-year or shorter term, your payoff timeline stays the same or improves. This is exactly why the calculator lets you match your remaining term year for year — so you can see a true apples-to-apples comparison before making a decision.
How does my credit score affect my refinance rate?
Your credit score is one of the primary factors lenders use to determine your interest rate. Generally, scores above 740 qualify for the best pricing. Scores between 680 and 739 may see modest rate adjustments, and scores below 680 can result in more meaningful pricing differences. If your score has improved since you took out your original loan, a refinance could unlock a meaningfully better rate. A Reliance Financial advisor can review your profile and show you where you stand.
What can I use cash-out funds for?
Cash-out refinance proceeds can be used for virtually any purpose. Common uses include paying off high-interest debt such as credit cards or personal loans, funding home renovations and improvements that add value to the property, covering college or student loan costs, or consolidating multiple debts into one lower monthly payment. Because the funds come from your home equity at mortgage rates — typically far lower than consumer debt rates — a cash-out refinance can be a cost-effective way to access capital when used responsibly.
How long does a refinance take?
The national average for a refinance is around 42 days from application to closing. At Reliance Financial, our team works to move significantly faster than that — timelines vary based on appraisal scheduling, document turnaround, and lender conditions, but we prioritize keeping things moving on your behalf. The fastest path is a complete application with documents submitted upfront. Speak with an advisor to get a realistic timeline for your specific scenario.
What documents will I need to refinance?
Most refinances require a government-issued photo ID, your two most recent pay stubs, W-2s or tax returns for the past two years (or a profit and loss statement if self-employed), two months of bank and asset statements, and your current mortgage statement. Self-employed borrowers or those with complex income may need additional documentation. Our team will walk you through exactly what is needed once you start your application — the process is straightforward and we handle the heavy lifting.
When does refinancing make sense?
A refi generally makes sense when your new rate is at least 0.5% lower than your current rate, you plan to stay past your break-even point, or you have a specific goal — lower payment, shorter term, or accessing equity. The right answer is different for every borrower.
Planning estimates only. Not a commitment to lend. Actual rates, payments, and savings will vary based on credit profile, property, and market conditions.
Reliance Financial | NMLS #309198 | Equal Housing Lender
Reliance Financial | NMLS #309198 | Equal Housing Lender
Refinancing your mortgage can be a smart financial move–but only if it truly saves you money. That’s where a Mortgage Refinancing Calculator becomes essential. Whether you are looking to lower your monthly payments, reduce your interest rate, or access cash from your home equity, understanding the numbers is the first step.
Our easy-to-use Mortgage Refinancing Calculator helps you compare your current loan with new refinancing options. It provides clear insights into monthly savings, total interest reduction, and the break-even point, so you can make informed decisions. Whether you are a homeowner planning long-term savings or considering short-term financial relief, this tool simplifies complex calculations in seconds.
What is Mortgage Refinancing?
Mortgage refinancing is the process of replacing your existing home loan with a new one, typically with better terms. Homeowners refinance for several reasons, such as securing a lower interest rate, reducing monthly payments, or changing the loan term.
For example, if interest rates have dropped since you first took out your mortgage, refinancing can help you lock in a lower rate and save money over time. Similarly, switching from a 30-year loan to a 15-year loan can help you pay off your mortgage faster and reduce total interest costs.
Some borrowers also opt for a cash-out refinance, which allows them to borrow against their home equity for expenses such as home renovations, debt consolidation, or investments. However, refinancing isn’t free—it involves closing costs and fees, making it important to evaluate whether it’s financially beneficial.
What is a Mortgage Refinancing Calculator?
A Mortgage Refinancing Calculator is a financial tool that helps you determine whether refinancing your home loan makes sense. It compares your current mortgage with a new loan scenario based on updated interest rates, loan terms, and costs.
With this calculator, you can:
- Estimate your new monthly payment
- Calculate potential savings
- Understand total interest costs
- Determine your break-even point
Instead of guessing, this tool provides data-driven insights, allowing you to evaluate multiple refinancing options quickly and efficiently.
How Does A Mortgage Refinancing Calculator Work?
A refinance calculator works by analyzing both your existing loan and the new loan terms you are considering.
Current Loan Details
You begin by entering information about your current mortgage, such as:
- Remaining loan balance
- Current interest rate
- Monthly payment
- Remaining loan term
New Loan Details
Next, you input the details of your new loan:
- New interest rate
- Loan term (15, 20, or 30 years)
- Type of refinance (standard or cash-out)
Refinancing Costs
You also include closing costs, which may consist of:
- Loan origination fees
- Appraisal fees
- Title insurance
- Other lender charges
Results and Insights
Based on these inputs, the calculator provides:
- New monthly payment
- Monthly savings
- Total interest savings
- Break-even point
These results help you clearly understand whether refinancing is worth it.
Key Features of Our Mortgage Refinancing Calculator
Our Mortgage Refinancing Calculator is designed to deliver accurate and user-friendly results. Key features include:
- Accurate Payment Comparison – Compare current and new loan payments instantly
- Break-Even Analysis – Know exactly when you will recover refinancing costs
- Interest Savings Projection – See long-term financial benefits
- Flexible Inputs – Test different rates, terms, and costs
- User-Friendly Interface – Simple and intuitive design for quick use
- Real-Time Results – Get immediate calculations as you adjust inputs
Benefits of Using a Mortgage Refinance Calculator
1. Better Financial Planning | Understanding your potential savings helps you plan your finances more effectively and avoid unnecessary risks. |
2. Faster Decision-Making | Instead of manual calculations, you get instant results that allow you to make quick and confident decisions. |
3. Avoid Costly Mistakes | Refinancing involves costs, and without proper analysis, you might end up paying more than you save. |
4. Compare Multiple Scenarios | Test different interest rates, loan terms, and costs to find the best option for your situation. |
5. Complete Transparency | The calculator gives a clear breakdown of payments, costs, and savings, eliminating confusion. |
Understanding the Break-Even Point
The break-even point is one of the most important factors in refinancing. It tells you how long it will take to recover the costs of refinancing through your monthly savings.
Formula:
Break-even point = Total closing costs ÷ Monthly savings
For example, if your refinancing costs are $4,000 and you save $200 per month, your break-even point is 20 months. If you plan to stay in your home longer than this period, refinancing could be a smart move.
Costs Involved in Mortgage Refinancing
Refinancing is not free, and understanding the associated costs is crucial. Common expenses include:
- Closing costs (typically 2% to 6% of the loan amount)
- Loan origination fees
- Appraisal fees
- Title insurance
- Legal and documentation fees
Some lenders offer “no-cost refinancing,” but this usually means higher interest rates. Always evaluate the long-term impact before choosing such options.
When Should You Refinance Your Mortgage?
- Refinancing can be beneficial under the following circumstances:
- Interest rates have dropped significantly
- Your credit score has improved
- You want lower monthly paymentsYou aim to shorten your loan term
- You need cash through a cash-out refinance
Why Choose the Reliance Financial Mortgage Refinancing Calculator?
The Reliance Financial Mortgage Refinancing Calculator stands out as a reliable, user-focused tool designed to simplify complex financial decisions. It provides highly accurate estimates based on real-time inputs, helping you clearly understand how refinancing will impact your monthly payments, total interest, and long-term savings. Whether you’re exploring lower interest rates or adjusting your loan term, the calculator delivers instant and precise comparisons.
One of its key advantages is its user-friendly interface, allowing both first-time homeowners and experienced borrowers to navigate and customize inputs effortlessly. You can test multiple refinancing scenarios, compare different loan terms, and evaluate costs such as closing fees to make well-informed decisions.
Additionally, the calculator offers a detailed break-even analysis, helping you determine how long it will take to recover refinancing costs—an essential factor before committing to a new loan. Backed by financial expertise, Reliance Financial ensures that the tool reflects real-world mortgage conditions, giving you trustworthy insights.
With speed, accuracy, and flexibility, this calculator empowers you to confidently choose the best refinancing option tailored to your financial goals.
