Refinance Your Mortgage
Ready to pay less in interest on your mortgage and lower your monthly payments? A refinance may be the right step for you. A mortgage refinance is the replacement of your current mortgage with a new loan.
Refinancing your mortgage can help you achieve various financial goals, from lowering your monthly payment to accessing your home's equity for major expenses. Whether you want to reduce your interest rate, change your loan term, or tap into your home equity, refinancing offers flexible solutions.
Types of Refinancing
Rate and Term Refinance
Lower your interest rate or change your loan term to reduce monthly payments and save money over time.
- Reduce your monthly payment
- Save thousands in interest over the life of the loan
- Shorten your loan term to build equity faster
- Switch from an adjustable-rate to a fixed-rate mortgage
Cash Out Refinance
Access your home equity by refinancing for more than you owe and receiving the difference in cash.
- Fund home improvements and renovations
- Consolidate high-interest debt
- Pay for college tuition or other major expenses
- Invest in additional real estate
When to Consider Refinancing
- Interest rates have dropped since you got your original mortgage
- Your credit score has improved, qualifying you for better rates
- You want to switch from an adjustable-rate to a fixed-rate mortgage
- You need to access your home equity for important expenses
- You want to pay off your mortgage faster by switching to a shorter term
Is Refinancing Right for You?
The decision to refinance depends on your financial goals, how long you plan to stay in your home, and current market conditions. Our mortgage specialists can help you run the numbers and determine if refinancing makes sense for your situation.
Ready to Explore Your Options?
Get a personalized refinance analysis to see how much you could save with a new mortgage. Our team will compare current rates, calculate your potential savings, and help you choose the best refinancing strategy for your needs.