Should I refinance my mortgage?
Benefits of a Mortgage Refinance
Lower the interest rate on your current mortgage.
Lower your monthly mortgage payment. By refinancing your existing loan the total finance charges may be higher over the life of the loan.
Pay off other debts that have high interest rates.
Change the loan terms to match your changing financial needs.
Take cash out of the equity of your home to pay for significant expenses.
Cancel any mortgage insurance premiums that you currently have.
Leverage the equity built-up in your home by replacing your existing mortgage with a higher loan amount – the difference is cash available to you! Click here to learn more about a cash-out refinance.
Rate & term refinancing
Reduce your monthly mortgage payment by refinancing to a lower interest rate and changing the terms of your loan.