Replace your current mortgage with a new loan designed to better fit your financial goals. A rate and term refinance changes your interest rate, your loan term, or both, without taking additional cash out at closing.
What a Refinance Can Do
- Lower your interest rate
- Reduce your monthly payment
- Shorten your loan term
- Move from an adjustable rate to a fixed rate
- Remove mortgage insurance when equity allows
Refinancing May Make Sense If You
- Have seen your credit or income improve since you closed
- Currently hold an adjustable-rate mortgage
- Want to pay your loan off sooner
- Are carrying a rate above current market
Run the Numbers First
A refinance only makes sense if the math works. We'll walk through the costs and your break-even point before you commit to anything.