Lower Your Rate,
Lower Your Payment
Refinance your mortgage to save money, access cash, or pay off your home faster. Get a free rate quote and see how much you could save.
Why Refinance Your Mortgage?
Refinancing can help you achieve multiple financial goals, from lowering monthly payments to accessing home equity.
Lower Interest Rate
Reduce your monthly payment and save thousands over the life of your loan with today's competitive rates.
Shorter Loan Term
Switch from a 30-year to 15-year mortgage to pay off your home faster and save on total interest.
Access Cash
Tap into your home's equity with a cash-out refinance for home improvements, debt consolidation, or other needs.
Remove PMI
If your home has gained value, you may be able to eliminate private mortgage insurance payments.
Stable Payments
Switch from an adjustable-rate to a fixed-rate mortgage for predictable monthly payments.
Consolidate Debt
Use cash-out refinancing to pay off high-interest credit cards and other debts at mortgage rates.
Types of Refinancing
Choose the refinance option that best fits your financial goals and current situation.
Rate & Term Refinance
Replace your current mortgage with a new loan at a lower rate or different term without taking cash out.
Best For:
- • Lowering your interest rate
- • Reducing monthly payments
- • Shortening loan term (30-year to 15-year)
- • Switching from ARM to fixed rate
- • Removing mortgage insurance
Cash-Out Refinance
Refinance for more than you owe and receive the difference in cash to use for any purpose.
Best For:
- • Home improvements and renovations
- • Debt consolidation
- • Investment opportunities
- • Education expenses
- • Emergency fund building
When Should You Refinance?
✓ Rates Have Dropped
A general rule is to refinance if you can get a rate at least 0.5% to 1% lower than your current rate.
✓ Your Credit Has Improved
Better credit scores qualify for lower rates, even if market rates haven't changed significantly.
✓ You Have Equity
At least 20% equity helps you avoid PMI and qualify for the best rates and terms available.
✓ Your Income Is Stable
Steady employment and income help ensure you qualify for competitive refinance rates.
Quick Rate Check
See if refinancing makes sense for your situation with a free rate quote.
What We'll Need:
- • Current mortgage balance
- • Current interest rate
- • Home value estimate
- • Credit score range
- • Annual household income
- • Monthly debt payments
Simple Refinance Process
Our streamlined process makes refinancing your mortgage quick and hassle-free.
Apply Online
Complete our simple application online or speak with a loan officer to get started.
Lock Your Rate
We'll review your application and lock in your rate to protect against market changes.
Order Appraisal
We'll coordinate the appraisal to confirm your home's current value for the new loan.
Close & Save
Sign your documents, and start enjoying your new lower payment or cash from your refinance.
Refinance Costs & Savings
Typical Closing Costs
- • Total Costs: 2-5% of loan amount
- • Appraisal: $400-$600
- • Title Insurance: $500-$1,500
- • Origination Fee: 0.5-1% of loan
- • Credit Report: $25-$50
- • Recording Fees: $100-$300
Break-Even Analysis
Calculate how long it takes for monthly savings to offset closing costs. Most homeowners break even within 2-3 years.
Example Savings
Current Loan:
- • Balance: $300,000
- • Rate: 7.5%
- • Payment: $2,098/month
After Refinance:
- • Balance: $300,000
- • Rate: 6.5%
- • Payment: $1,896/month
Monthly Savings: $202
Annual Savings: $2,424
30-Year Savings: $72,720
Refinance FAQ
How long does refinancing take?
Most refinances close within 30-45 days from application, depending on appraisal scheduling and document processing.
Can I refinance with the same lender?
Yes, but it's wise to shop around. Different lenders may offer better rates or terms for your situation.
How much cash can I take out?
Most lenders allow cash-out up to 80% of your home's value, minus your current mortgage balance.
Will refinancing hurt my credit score?
The credit inquiry may temporarily lower your score by a few points, but successful refinancing can improve credit long-term.
Can I refinance if I have PMI?
Yes, and if your home has gained value, you may be able to eliminate PMI with the new loan.
What if rates go up after I apply?
We offer rate locks to protect your rate for 45-60 days while your loan processes, giving you peace of mind.
Ready to Start Saving?
Get a free rate quote today and see how much you could save with a mortgage refinance.