Refinance

Could refinancing lower your rate or payment?

A rate-and-term refinance replaces your current mortgage with a new loan. Depending on your qualifications, available rates, closing costs, and loan term, refinancing may reduce your principal-and-interest payment or help you reach another financial goal.

Get Started Talk to an advisor

Refinancing involves closing costs and may extend the time needed to repay your loan. A lower payment may result from a lower interest rate, a longer loan term, or both. Extending the term may increase the total interest paid. All loans are subject to credit and underwriting approval. Not all applicants will qualify.

What you get

Compare your current rate to today’s market

See how a lower rate may affect your monthly principal-and-interest payment

Understand break-even timing for closing costs

Convert an adjustable-rate mortgage to a fixed principal-and-interest payment

No pressure — we only recommend a refinance when it may make sense

Rate-and-term

Keep a similar loan balance while changing your rate, term, or both.

Payment relief

A lower rate may reduce your monthly principal-and-interest payment.

ARM to fixed

Convert an adjustable-rate mortgage to a fixed principal-and-interest payment. Property taxes, homeowners insurance, mortgage insurance, and other housing costs may still change.

Honest math

We walk through costs, savings, and how long you plan to stay in the home.