Resources

Mortgage Refinancing

Lower your rate, change your term or access equity with a refinance.

Why Refinance?

Refinancing replaces your existing mortgage with a new loan. Homeowners refinance to take advantage of lower interest rates, shorten their loan term, switch from an adjustable‑rate to a fixed‑rate mortgage or tap equity for home improvements, debt consolidation or other needs.

By shopping rates and comparing programs, you can save money on monthly payments, pay off your home faster or gain access to cash that’s been locked in your property.

At a Glance

Factors to Consider

  • Current Interest Rate: Compare your existing rate to current market rates to determine potential savings.
  • Closing Costs: Refinancing involves lender fees, appraisal costs and other charges; evaluate breakeven timeframe.
  • Loan Term: Shortening your term may increase monthly payments but reduce total interest paid.
  • Cash‑Out vs. Rate/Term: Decide whether you’re only changing the rate/term or pulling equity out for other uses.
  • Credit & Income: Your credit score and debt‑to‑income ratio influence the rates and programs available.

Tools & Next Steps

Use the checklist on this page and reach out when you’re ready—we’ll map a clean path to “clear to close.”

See If Refinancing Makes Sense

Speak with our mortgage advisors to run the numbers and determine whether refinancing will benefit your financial situation.