Home / Refinance

Refinance

Lower your rate, shorten your term, or access equity by replacing your current loan with a better-fitting one.

Overview

Why borrowers refinance

Refinancing replaces your current mortgage with a new one. Depending on your goals, it can reduce your payment, change your term, or convert equity into cash.

Rate-and-Term

Lower your rate or term

Adjust your interest rate, loan term, or both — a common way to reduce your monthly payment or pay off sooner.

Learn more Cash-Out

Access your equity

Borrow against the equity you’ve built for renovations, debt consolidation, or other goals.

Learn more Streamline

FHA & VA options

Eligible FHA and VA borrowers may qualify for simplified refinance programs.

Learn more

Do the math

Understanding break-even

Your break-even point is when your accumulated monthly savings cover the cost of refinancing. Staying in the home beyond that point is where the savings begin.

Open the Refinance Calculator

Refinance checklistRecent pay stubs and W-2s or tax returns.
Statements for current mortgage and assets.
Homeowners insurance information.
A clear goal: lower payment, shorter term, or cash out.

FAQ

Refinance questions

How do I know if refinancing is worth it?

Compare your monthly savings against closing costs to find your break-even point — the month when savings overtake costs. If you plan to stay past it, refinancing may make sense.

What is a cash-out refinance?

A cash-out refinance replaces your mortgage with a larger loan and returns the difference to you in cash, using your home’s equity.

How long does a refinance take?

Many refinances close in roughly 30 days. Streamlined options for certain FHA and VA loans can move faster.

Thinking about refinancing?

Request a personalized quote and we’ll help you weigh the numbers.

Request a Rate Quote Contact a Loan Officer