Home Refinance
Home Loan rates are near all-time lows. It's a great time to refinance your home!
All loans subject to credit approval.
Contact A BankerIs it time to upgrade your home loan?
Refinancing your home loan is a great option to reduce your monthly payment and pay off your loan faster. We’ll help you crunch the numbers to determine if refinancing is a good choice for you.
All loans subject to credit approval.
Contact a banker Meet our Lenders
7 things to consider before refinancing your home
As a homeowner, you’ll likely come to a time when you will feel like it is a good idea to refinance your home. We’ve put together a list of seven items to consider before refinancing.
Mortgage Refinancing & How It Works: A Homeowner’s Guide
Mortgage refinancing can be a powerful tool for homeowners, but understanding how it works is crucial to making an informed decision. Let’s break down the basics of mortgage refinancing.
Is refinancing right for you?
It’s important to consider your unique situation and your long-term plans before you embark on the refinancing process. Refinancing may be right if you:
- want to reduce the number of loan payments remaining
- Want to consolidate your mortgage debt
- Need cash for major purchases
- Want to adjust your loan term
- Planning to renovate
Refinance Benefits
- Better rate - If mortgage rates have fallen since you took out your loan, you can often save money by refinancing. Also, you may qualify for a lower rate if your credit score has improved.
- Lower monthly payments – You can reduce your monthly payments with a lower rate or by extending your loan term.
- More predictable costs - If you currently have an ARM (adjustable-rate mortgage), you may choose to refinance to a fixed-rate loan to lock in your rate.
- Shorten your term – By reducing your loan term, you can realize substantial interest savings and will quickly build equity.
- Borrow money - You can borrow against your home equity to obtain funds for any purpose.
Loans are subject to credit approval.