Loan Programs
Refinance
Refinancing replaces your current mortgage with a new one — to lower your rate or payment, shorten your term, switch loan types, or tap equity.
Key benefits
- Potentially lower your rate and monthly payment
- Shorten your term to pay off sooner
- Switch from an adjustable to a fixed rate
- Remove mortgage insurance once you have enough equity
What you'll need
- Sufficient equity in your home
- Qualifying credit and income
- Closing costs that a break-even analysis should justify
Best for
Homeowners who can lower their rate or reach a financial goal that outweighs the closing costs.
This is an estimate for educational purposes only, not a commitment to lend or an offer of credit. Actual rates, payments, and costs depend on your credit, income, property, and loan program.