Home / Refinance
Refinance when the math works, not when the ads say so.
Lower your rate, shorten your term, drop mortgage insurance or tap equity. Our break-even calculator shows whether it pays off before you apply.
Rate and term
Replace your loan with a lower rate or a shorter term. Same balance, different terms.
Cash-out
Borrow against your equity for renovations or to consolidate higher-rate debt. Typically up to 80% of value.
Streamline
FHA and VA streamline options with reduced paperwork for eligible existing borrowers.
Refinance break-even calculator.
Closing costs on a refinance are real. This shows how many months of savings it takes to earn them back.
Illustrative only. Excludes taxes, insurance and escrow. Restarting a 30-year term can increase total interest even when the monthly payment falls.
Signals it may be time to refinance.
- Rates are meaningfully below your current rate and you plan to stay past break-even
- You have an FHA loan and now have 20% equity, so you could drop mortgage insurance
- You want to move from an adjustable rate to a fixed one
- You need to remove a co-borrower after a divorce
- You're consolidating debt and understand you'll secure it with your home
Refinance questions.
Many conventional loans have no waiting period for rate-and-term refinances. Cash-out and government programs usually require 6–12 months of payment history.
Usually, though some streamline and conventional refinances qualify for an appraisal waiver.
Often yes, if you have enough equity. It increases your balance, so we'll show the long-term cost.
It can lower your monthly cost, but it turns unsecured debt into debt secured by your home and may extend repayment. We'll walk through the risks honestly.
Know what you can afford before you fall for a house.
A pre-approval takes about 20 minutes and makes your offer stronger.