Mortgage Refinance
Lower your payments, access equity, or improve your loan terms
0.5%
Rate drop to consider
30-45
Days to close
$200+
Average monthly savings
Fast
Streamline options
Mortgage Refinance Guide
Is Refinancing Right for You?
Refinancing replaces your current mortgage with a new one, potentially offering lower payments, better terms, or access to your home's equity. With the right circumstances, refinancing can save you thousands of dollars.
Potential Benefits of Refinancing
- • Lower monthly mortgage payments
- • Reduce total interest paid over loan life
- • Remove private mortgage insurance (PMI)
- • Switch from adjustable to fixed rate
- • Access home equity for investments or improvements
- • Consolidate high-interest debt
Refinance Savings Calculator Example
Current loan: $300,000 at 7.0%Payment: $1,996/month
New loan: $300,000 at 6.0%Payment: $1,799/month
Monthly Savings:$197/month
Annual Savings:$2,364/year
Frequently Asked Questions
See How Much You Can Save
Refinancing could lower your monthly payments, reduce your interest rate, or help you access your home's equity. Find out if refinancing makes sense for your situation.