Refinance
Make Your Mortgage Work Harder for You
Lower your rate, shorten your term, or tap into your home’s equity. See what refinancing could do for your finances.
What’s your refinance goal?
Select your primary goal to see how refinancing can help.
Lower My Rate
Reduce your monthly payment with a lower interest rate
Lower My Rate
Lock in a Lower Rate
Interest rates fluctuate — and if rates have dropped since you got your mortgage, you could be paying more than you need to. A rate-and-term refinance lets you replace your current loan with a new one at a lower interest rate, reducing your monthly payment and potentially saving thousands over the life of your loan.
How It Works
1
Check Current Rates
We’ll compare today’s rates to your existing mortgage to see if refinancing makes sense.
2
Calculate Your Savings
See exactly how much you could save per month and over the life of your loan.
3
Lock and Close
Once you’re ready, we lock your rate and handle the paperwork. Most refinances close in 30-45 days.
Is This Right for You?
A rate reduction refinance may be right for you if:
Current Rate
Your current interest rate is at least 0.5-1% higher than today’s rates
Long-Term Plans
You plan to stay in your home long enough to recoup closing costs
Credit Score
Your credit score has improved since you got your original loan
Monthly Payment
You want to lower your monthly payment without changing your loan term
3.5% down payment
Conventional Rate/Term
Flexible credit requirements and lower down payments make FHA loans ideal for first-time buyers. Government-backed for added security.
As low as 3% down
FHA Streamline
Traditional financing with competitive rates. Put down 20% to avoid mortgage insurance, or go lower with PMI options.
Grants & low-interest loans
VA IRRRL
Many state and local programs help first-time buyers with down payments and closing costs. We’ll help you find programs you qualify for.
Pay Off Faster
Shorten your loan term and save on total interest
Pay Off Faster
Build Equity Faster
Ready to be mortgage-free sooner? Refinancing from a 30-year to a 15-year term can help you pay off your home years earlier — and save a significant amount in total interest. Your monthly payment may increase, but more of each payment goes toward principal instead of interest.
How It Works
1
Compare Scenarios
We’ll show you how different loan terms affect your monthly payment and total interest paid.
2
Find Your Comfort Zone
Choose a term that fits your budget — 15, 20, or even 25 years.
3
Lock and Close
Secure your new term and start building equity faster.
Is This Right for You?
A rate reduction refinance may be right for you if:
Current Rate
You can comfortably afford a higher monthly payment
Long-Term Plans
You’re focused on long-term wealth building and equity accumulation
Credit Score
You’re approaching retirement and want to own your home outright
Monthly Payment
You’ve received a raise or have reduced other debts
3.5% down payment
Conventional Rate/Term
Flexible credit requirements and lower down payments make FHA loans ideal for first-time buyers. Government-backed for added security.
As low as 3% down
FHA Streamline
Traditional financing with competitive rates. Put down 20% to avoid mortgage insurance, or go lower with PMI options.
Grants & low-interest loans
VA IRRRL
Many state and local programs help first-time buyers with down payments and closing costs. We’ll help you find programs you qualify for.
Get Cash Out
Access your home’s equity for renovations, debt, or other needs
Get Cash Out
Put Your Equity to Work
Your home is likely your largest asset — and a cash-out refinance lets you tap into the equity you’ve built. Replace your current mortgage with a larger one and receive the difference in cash. Use it for home improvements, debt consolidation, education expenses, or other major financial goals.
How It Works
1
Determine Your Equity
We’ll estimate your home’s current value and how much equity you can access (typically up to 80%).
2
Choose Your Cash Amount
Decide how much you need — you don’t have to take the maximum.
3
Close and Receive Funds
Your new loan pays off the old one, and you receive the remaining cash at closing.
Is This Right for You?
A cash-out refinance may be right for you if:
Current Rate
You have significant equity in your home (typically 20%+)
Long-Term Plans
You need funds for home improvements, which can further increase your home’s value
Credit Score
You want to consolidate high-interest debt at a lower mortgage rate
Monthly Payment
You have a specific financial goal and want to avoid higher-interest alternatives
3.5% down payment
Conventional Rate/Term
Flexible credit requirements and lower down payments make FHA loans ideal for first-time buyers. Government-backed for added security.
As low as 3% down
FHA Streamline
Traditional financing with competitive rates. Put down 20% to avoid mortgage insurance, or go lower with PMI options.
Grants & low-interest loans
VA IRRRL
Many state and local programs help first-time buyers with down payments and closing costs. We’ll help you find programs you qualify for.
Remove PMI
Eliminate private mortgage insurance and lower your payment
Remove PMI
The Refinance Process
If you bought your home with less than 20% down, you’re likely paying private mortgage insurance (PMI) — an extra monthly cost that doesn’t build equity. Once you’ve built 20% equity through payments and/or home appreciation, you may be able to refinance into a new loan without PMI.
How It Works
1
Estimate Your Current Equity
We’ll review your loan balance and estimate your home’s current value.
2
Confirm 20% Equity
If you’re at or near 20%, refinancing can eliminate PMI.
3
Refinance and Save
Your new loan won’t require PMI, reducing your monthly payment.
Is This Right for You?
Refinancing to remove PMI may be right for you if:
Current Rate
You’ve paid down your mortgage significantly since purchase
Long-Term Plans
Your home has appreciated in value, pushing you past 20% equity
Credit Score
Your current PMI cost is substantial (typically $100-300+/month)
Monthly Payment
You have a conventional loan (FHA loans have different rules)
3.5% down payment
Conventional Rate/Term
Flexible credit requirements and lower down payments make FHA loans ideal for first-time buyers. Government-backed for added security.
As low as 3% down
FHA Streamline
Traditional financing with competitive rates. Put down 20% to avoid mortgage insurance, or go lower with PMI options.
Grants & low-interest loans
VA IRRRL
Many state and local programs help first-time buyers with down payments and closing costs. We’ll help you find programs you qualify for.
The Refinance Process
From application to closing, here’s what to expect.
Apply Online
~15 min
Complete your application and upload documents.
Review & Appraisal
1-2 weeks
We review your file and order an appraisal.
Lock Your Rate
Same day
Secure your interest rate while we finalize.
Close & Fund
2-4 weeks
Sign documents and your new loan is funded.
Most refinances close in 30-45 days.
Is Refinancing Worth It?
Use our calculator to see your potential savings and breakeven point.
FAQs
Frequently Asked Questions
Q1: How much does it cost to refinance?
Q2: Can I refinance if I have an FHA loan?
Q3: How much equity do I need to refinance?
Q4: Will refinancing hurt my credit score?
Q5: Can I refinance if I’m underwater on my mortgage?
Q6: How long does refinancing take?
Q7: Should I refinance to a 15-year or 30-year term?
Q8: What documents do I need to refinance?
See What Refinancing Could Save You
Get a personalized rate quote in minutes — no commitment, no obligation.