Lower your monthly mortgage payment
If your current interest rate is higher than what is currently available in the market, you may want to see how much you could save by refinancing. Or you could change the terms of your mortgage by refinancing with a longer repayment period. This option may not be for everyone, but switching from a 15-year, fixed-rate mortgage to a 30-year term can help lower your monthly mortgage payment.
Gain payment stability
If you currently have an adjustable-rate mortgage nearing its adjustment period, uncertainty regarding interest rates may make this a great time to refinance and lock in a fixed rate and payment.
Access available home equity
By taking advantage of your home equity, you may be able to pay off higher-interest, non-tax-deductible debt, make home improvements to your home, and more. Our home equity financing option allows you to refinance into a new loan with a larger loan amount than your current loan, and have the difference paid to you. You could also refinance to combine a first and second mortgage into one first-lien mortgage - and eliminate the higher rate you may be paying on your second mortgage.
Our mortgage specialists will help you choose what's right for your unique financial situation.
Call us: 800-217-6629 (Mon-Fri from 9am to 8pm ET)