Your Mortgage Should Work Harder for You
Refinancing can save you money, reduce your term, or give you access to your home's equity. Learn when it makes sense and how to get started.
The Basics
What Is Refinancing?
Refinancing means replacing your current mortgage with a new one—ideally one with better terms. The new loan pays off your existing mortgage, and you start making payments on the new one.
People refinance for many reasons: to lower their monthly payment, shorten their loan term, switch from a variable to fixed rate, or access their home equity. The right time to refinance depends on your goals, current rates, and how long you plan to stay in your home.
Top Reasons
6 Reasons to Refinance
There are many smart reasons to refinance. Here are the most common goals our clients have when they come to us.
Lower Your Interest Rate
Even a small rate reduction can save you tens of thousands over the life of your loan. If rates have dropped since you closed, refinancing puts that savings in your pocket.
Shorten Your Loan Term
Move from a 30-year to a 15- or 20-year mortgage. You'll pay off your home faster, build equity quicker, and save significantly on total interest paid.
Access Your Home Equity
A cash-out refinance lets you convert home equity into cash for home improvements, debt consolidation, education, or other major expenses—at mortgage rates.
Switch to a Fixed Rate
If you have an adjustable-rate mortgage (ARM), refinancing to a fixed rate gives you predictable payments and protects you from future rate increases.
Remove Mortgage Insurance
If your home has appreciated and you now have 20% equity, refinancing can eliminate PMI or MIP—saving you $100 to $300 per month.
Consolidate Debt
Replace high-interest credit cards and personal loans with a single mortgage payment at a much lower rate. Simplify your finances and save on interest.
Important Considerations
When NOT to Refinance
Refinancing isn't always the right move. Here are situations where it may not make sense.
Simple Process
How Refinancing Works
Our streamlined process makes refinancing simple from start to finish.
Talk to Us
Share your goals and current mortgage details. We'll help you understand your options.
Get Your Rate
We'll provide a personalized rate quote based on your credit, equity, and goals.
Apply Online
Complete our streamlined online application in about 30 minutes.
Appraisal & Underwriting
We'll order an appraisal and process your loan. You'll have a dedicated team keeping you informed.
Close & Save
Sign your new loan documents and start enjoying lower payments or better terms immediately.
Questions & Answers
Frequently Asked Questions
Everything you need to know about refinancing your mortgage.
Refinancing typically costs 2% to 5% of the loan amount in closing costs. This includes appraisal fees, title insurance, origination fees, and other charges. We'll provide a detailed estimate upfront so there are no surprises.
Ready to Explore Refinancing?
See how much you could save or talk to one of our loan officers about your options. There's no obligation—just honest guidance.