Refinance Your Mortgage
A mortgage refinance can be very beneficial, but it’s important that you understand how the process will work.
Read MoreMortgage Refinance
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Feel like you’re overpaying on your mortgage? Refinancing could help. By replacing your current home loan with a new one at a lower interest rate, you could reduce your monthly payments and keep a little extra cash in your pocket each month. It’s a smart way to make your mortgage work harder for you.
Today’s Mortgage Refinance Rates
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Features & Benefits
Lock Your Rate
Lock in your rate up to 90 days before closing.Once your loan is approved, your rate can be locked up to 90 days.
Up to 95% Financing
Refinance up to 95% of your home's appraised value!
Unlock New Savings
Save with lower monthly payments or pay off your loan faster when you refinance.
Frequently Asked Questions
What does it mean to refinance your mortgage?
When you refinance your mortgage, you are essentially replacing your current home loan with a new one. The refinance loan will pay off your existing mortgage, and you’ll start making payments on your refinanced mortgage loan instead.
What fees are required in a refinance?
When you refinance your mortgage, you’ll have to pay closing costs like you did when you first purchased the home. Closing costs can vary according to the size of your loan and where you live, but you can generally expect to pay between 2-5% of the new loan balance in closing costs. Closing costs can also be rolled into your refinanced mortgage loan – meaning you could need less cash upfront.
What are some reasons to refinance?
There are several reasons you might consider refinancing your mortgage. It could be a good option if:
- Interest rates are lower now than when you purchased your home
- You want to shorten or extend your loan term
- You want to convert between fixed-rate and adjustable-rate mortgage
- You want to tap into your home’s equity for cash
What does the process look like?
Refinancing your mortgage starts with assessing your financial goals and shopping around for the best loan terms. Once you’ve chosen a lender, you’ll apply for the refinance loan and provide the appropriate financial documentation. The lender will then process your application, order an appraisal, and, if approved, you’ll close on the new loan and pay any associated fees. Your old mortgage will be paid off, and you can start making payments on your new loan!
How do I get started?
You can get a quote online in just a few minutes or talk with our mortgage lending team about what options work best for you.
