How it Works
A refinance pays off your existing mortgage and allows you to
choose a new monthly payment, loan program, and term that best
serves you today.
What Are My Options
Typically, homeowners choose between cash-out and basic
refinances. Which option addresses your needs?
Get a new loan with a new rate and term that allows you to
take out some of your home’s equity.
Pay off your credit card debt and/or HELOC
Consolidate your monthly bills into one low payment
Fund home improvements, college tuition, or anything you need
Create an emergency savings account for you and your family
Get a new loan with an updated rate and term. This changes
your monthly payment and payoff date.
Lower your monthly mortgage payments by adjusting your rate and term
OR Pay your loan
off faster by decreasing your term and increasing your
By refinancing your existing loans, your total finance charges may be higher over the life of the loan.