If you're interested in refinancing your jumbo loan, you'll need to meet the same requirements that you did when you applied for the original jumbo loan. This includes having a good credit score and sufficient income. You'll also need to have equity in your home. Equity is the portion of your home that you own outright.  If you're looking to lower your monthly payments, you may be able to do so by refinancing into a jumbo loan with a lower interest rate. You may also be able to shorten the term of your loan, which will also lower your monthly payments. Keep in mind that if you refinance into a loan with a shorter term, you may end up paying more in interest over the life of the loan. If you're interested in jumbo loan refinancing, talk to our team about your options. We'll be able to help you determine if refinancing is right for you.