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Refinance Your Mortgage

Lower your monthly mortgage payment or tap into your home’s equity by refinancing your current loan. Here's what it takes to make the most of your refinance.

Refinancing a mortgage can reduce your mortgage rate and lower your monthly payment. It can also leverage your home equity. The number of refinance loan applications increase when mortgage rates decrease. But while refinancing is an everyday practice, the process can be time-consuming and costly. So it’s important to understand how a refi works before applying.

Why should I refinance my mortgage?

Home buyers refinance for various reasons. Refinancing is often the only way to get a lower rate and a lower payment. Refinancing can also convert an adjustable-rate mortgage to a fixed-rate mortgage. Some people also refinance into a different mortgage program. They might switch from an FHA loan to a conventional home loan.

Benefits of refinancing your mortgage

In addition to a lower mortgage rate, a lower monthly payment, and getting new mortgage terms, refinancing provides an opportunity to cash out some of your home equity. A cash-out refinance involves taking out a loan against the property. You can use these funds for various purposes, including home improvements, college tuition, debt consolidation, getting rid of credit card balances, and more.

Apply for a refinance loan

Our experienced team of home loan experts are ready to guide you through the refinancing process. We can answer any questions you have.