Shawn Answers
Go beyond a rate quote. Understand the numbers, the tradeoffs and the questions that can change the answer.
Written explanations · Real video · Full transcripts
Rates & upfront costs
A lower payment has an upfront price. See how Shawn compares the cost of points, the monthly savings and how long you expect to keep the loan.
Worked example · Two videos & transcripts
Work through the example
Comparing equity options
A HELOC can leave your first mortgage in place. A cash-out refinance replaces it. Compare the whole cost and repayment terms.
Side-by-side comparison · Video & transcript
Compare the twoKeeping your first mortgage
A second loan may preserve your first mortgage’s rate. The next question: what will both loans cost you, and how will you repay them?
A real borrower example · Video & transcript
See what to weigh
From Shawn Way’s real teachingMortgage loan originator · NMLS #1007298
These three explanations bring together Shawn’s original footage, a written explanation and the assumptions behind the example.
Keep working through the decision
Refinancing
Compare the payment, the costs and what you will still owe.
Worked comparison · Five-year example
Read the guideSelf-employed borrowers
Tax returns, bank statements and the difference between revenue and income.
Documentation guide · Income example
Read the guideInvestment properties
Separate the loan’s income test from the property’s real operating budget.
Side-by-side guide · Rental example
Read the guideBuying your first home
Start with a comfortable budget, a cash plan and a short document checklist.
Preparation checklist · Cash example
Read the guideMeetShawnWay.com brings together recorded teaching and researched educational guides. Adaptations credit Shawn’s original footage; research guides identify their sources and when those sources were checked. Worked examples state their assumptions and are not current loan offers.
Questions about your own numbers belong in a conversation with Shawn Way, NMLS #1007298. A general explanation does not establish eligibility.
Your question may be different
A loan you’re comparing. A rate you want to keep. A situation that doesn’t fit the usual answer. Start with what you’re trying to do.