Refinancing a House vs. Refinancing a Car

Refinancing a House vs. Refinancing a Car

Refinancing a House vs. Refinancing a Car

Your car and your house are probably two of your largest expenses from month to month. With multiple types of loans, deciding which one to prioritize can be a challenge — especially when you have the opportunity to refinance. Here’s what you need to know about refinancing, from why it makes sense to where you should start.

Why Refinance a Car Loan or Mortgage?

Refinancing a loan essentially means taking out another one to pay it off. When you signed the agreement for your car loan or mortgage, you probably compared different lenders to find the best rates. Those rates continue to change over time. If you switch to a new lender today, there’s a good chance you can get a different loan term, monthly payment or interest rate. That often means you’ll pay less in the long run.

The Differences Between Car Loan Refinancing and Mortgage Refinancing

The principles of refinancing remain the same when you compare a car loan versus a mortgage. However, the two loans have some key differences that you’ll need to consider before you refinance either:

  • Asset value: Mortgages are much larger than car loans. Since refinancing them is more of a risk for the lender, they tend to be more selective when it comes to terms and approval. A higher ratio of debt to income can affect your ability to get a mortgage more than it would a car loan.
  • Asset age: Lenders consider the age of a car when refinancing since vehicles depreciate in value over time. If your car is more than 10 model years old, your options might be limited. Homes typically need to meet minimum property standards for refinancing, but age is usually not a significant factor.
  • Term length: A home is a larger investment than a car, so mortgages have longer term lengths — often ranging from 10 to 30 years. Car loan terms are measured in months, which makes refinancing simpler.

Should You Refinance Your Car Loan or Mortgage First?

While you can get a car loan while refinancing your house, doubling up and getting a great rate on one could prevent you from getting the best deal on the other. If you want to refinance both, starting with your car often makes the most sense because you have a shorter window of time to get a new car loan. Additionally, refinancing your car loan can help lower your debt-to-income ratio, which means you’ll be likely to get a better rate on your mortgage.

Learn More About Your Auto Refinance Options

If you’re ready to refinance your car loan, RefiJet can help you save. Find out if you qualify and get in touch with our team to get started!

Important Disclosures and Requirements

Federal ESIGN Disclosure and Consent 

 Electronic Consent:  Consent to Receive Information Electronically 

The Electronic Signatures in Global and National Commerce Act requires users of this Site who submit a Contact Form (“you” or “your”) consent to receive certain disclosures electronically. Please read this disclosure and consent carefully and retain a copy of this document for your records. 


Some communications with and disclosures by Yield Solutions Group, LLC dba (“” or “us” or “we”) on its behalf and on behalf of participating banks, finance companies, and credit unions (hereinafter called “Lenders”) are conducted electronically. In order to access, receive and retain required notices and your documents, including, any notices and disclosures required by state or federal law, such as our Privacy Noticeloan documents and disclosures that we provide to you on behalf of any Lenderand any other transaction notices and information from us (collectively, “Documents”) electronically, you must satisfy the minimum system requirements outlined below. However, if you wish to obtain a paper copy of any Documents that RefiJet provides you in connection with your credit inquiry and any subsequent application to our Lenders, you may contact Yield Solutions Group, LLC (dba in writing at 5775 DTC Blvd Suite 400, Greenwood Village, CO 80111 or by email at We currently do not charge a fee to send you a paper copy of any electronic Document, but reserve our ability to do so. Be sure to state which of the Documents you are requesting. reserves the right, in its sole discretion, to stop providing Documents electronically. RefiJet may also send Documents to you in paper form because we are legally required to do so or because we determine in our sole discretion that you should receive the Documents in paper rather than electronic form. will provide you with notice of any such termination as required by applicable law. If chooses to stop providing Documents electronically, will send any future Documents to you in paper form. Certain disclosures, however, will be made to you verbally if permitted by applicable law (the “Verbal Disclosures”).   


You must consent to receive Documents electronically in order to complete the credit inquiry process with and any subsequent loan process with one of our participating Lenders. Your consent will apply to Documents as defined above. You may withdraw your consent for receiving electronic Documents by notifying us in any of the ways described above. Since is structured to process all or part of your credit inquiry and any subsequent loan  electronically, not consenting, or withdrawing your consent to receive electronic Documents may result in the termination of the credit inquiry and/or loan process. Your withdrawal of this consent is effective only after we have had a reasonable period of time to act upon your withdrawal. Even if you consent, note that the Verbal Disclosures will be made to you telephonically. 

If you wish to withdraw your consent to do business electronically with our participating Lenders, you may do so at no cost to you by contacting the Lender at the mailing address, email address or telephone number they provide to you separately for such purpose.  


In order to use this service, you must consent to receive Documents electronically and you agree that these electronic disclosures will be sufficient as a “writing” under applicable law.  


In order to receive, access and retain electronic Documents, you will need the following hardware and software: 

  • a computer, mobile device, tablet or similar device with an internet connection; 
  • a current web browser that supports HTTPS connectivity;  
  • a current version of a software program that can open and display PDF files (such as an Adobe Acrobat reader); 
  • a valid email address with email software to communicate with us electronically; and 
  • an installed printer or sufficient storage space to save, store, print or otherwise retain electronic Documents. 

 These disclosures and the Documents are both provided to you in PDF; therefore, your access to this page from your own system/device verifies that your system/device has the necessary software to permit you to receive and access PDF files. 

If the system requirements for accessing the copy of your Documents on the secure webpage change so as to require different or additional hardware or software, or upgrades, plug-ins or enhancements to the hardware or software used by you (all such changes referred to as a “Systems Enhancement”), we will notify you and you may either withdraw your consent or upgrade your hardware and/or software as required by the Systems Enhancement.  

This consent is valid until revoked by either party. 

It is important that you keep your email address current with us.  Please notify us at 1.800.260.5355 if your contact information changes at any point in the refinance process.  We may treat your failure to provide us with a valid email address, or the malfunction of the email address we have for you, as a withdrawal of your consent to receive Documents electronically. 

System Requirements to Retain Information 

If you have a valid email address, a copy of the loan Documents will be provided to you upon execution in the form of an email link to a secure portal that will contaithe PDF loan documentsYou will log into the secure portal using your access credentials. The PDF document will be available to you in the secure portal for thirty (30) days. To retain a copy of the Documents, you may choose to print them, save them or both. In order to print them, you must have a functioning printer connected to your personal computing device.  If you wish to retain an electronic version of the Documents, you must have a personal computing device with the hardware and software necessary to download and store PDF files. 

By clicking to accept, you: 

  • acknowledge your receipt and review of the foregoing Federal ESIGN Disclosure and Consent; 
  • give your affirmative consent to our providing electronic Documents to you as described above; and 
  • confirm that your computer or access device satisfies the hardware and software requirements needed to access and retain the Documents that will be provided to you in electronic form, including through use of a valid email address to access a link to secure portal to access the Documents. 

If you do not click to accept you are not consenting to our providing electronic Documents to you as described above, and you are terminating your transaction with us