Refinancing Your Home
Make your home loan work better for you and your goals
Features & Benefits
Apply for Refinancing Today!
Take Advantage of Better Interest Rates
If current mortgage rates are lower than when you purchased your house, it may be an indicator that now is a good time to consider refinancing.
Reduce Monthly Payments
Looking to make your existing mortgage more budget-friendly? Refinancing to reduce your rate or extend your loan term may help you achieve just that!
Get Predictable Payments
Converting your Adjustable-rate Mortgage (ARM) to a Fixed-rate Mortgage may be a good option if you want more predictable monthly payments.
Pay Off Your Loan Faster
Have your finances improved? If you're in a better financial position now than when you purchased your home, refinancing to a new rate and term could help you pay off your home loan faster.
Borrow Cash
Tap into your home equity to get cash when you refinance. Cash-out refinancing can be a good option for larger, long-term expenses, like home improvements.
Is Refinancing Right For You?
How long do you plan to stay in your home?
It can take several months, or even years, to break even on refinancing costs. If you're expecting to move in the near future, staying with your existing mortgage may be a better option.
Does your budget support closing costs?
Similar to your original mortgage, there will likely be closing costs with refinancing that may be due at closing.
How's your credit?
Your credit score can impact your ability to qualify for better rates.
If you're doing cash-out, how will you use the funds?
Because you'll be paying interest on the cash over the life of the mortgage, the cash is best used for large, long-term investments like home improvements or college expenses.
For other expenses, like a new car, consider conventional financing options first. Home loans typically have longer terms which can lead to you paying more interest than a shorter term conventional loan with a comparable rate.
Rates, Terms & Payments
Term | Rate As Low As | APR1 As Low As | Points | Payment Per $1,0002 |
---|---|---|---|---|
30 -Year | 6.000% | 6.113% | 0% | $6.03 |
20 -Year | 5.500% | 5.647% | 0% | $6.93 |
15 -Year | 5.500% | 5.686% | 0% | $8.24 |
10 -Year | 5.625% | 5.891% | 0% | $11.01 |
Loan-to-value 70% and under.
Term | Rate As Low As | APR1 As Low As | Points | Payment Per $1,0002 |
---|---|---|---|---|
8 -Year | 5.375% | 5.699% | 0% | $12.96 |
10 -Year | 5.500% | 5.765% | 0% | $10.95 |
15 -Year | 5.625% | 5.812% | 0% | $8.30 |
Term | Rate As Low As | APR1 As Low As3 | Points | Payment Per $1,0002 |
---|---|---|---|---|
3 -Year | 5.375% | 5.484% | 0% | $5.63 |
5 -Year | 5.750% | 5.861% | 0% | $5.87 |
7 -Year | 6.000% | 6.113% | 0% | $6.03 |
Apply for Refinancing Today!
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