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Refinance → Rate & Term Refinance
Rate & Term Refinance
Lower your interest rate or change your loan term to save money or pay off your mortgage faster.
Simple Goal: Better Terms
Rate & term refinancing replaces your current mortgage with a new one, ideally at a lower rate or better terms, without taking cash out.
Why Refinance?
Lower Monthly Payment
Reduce your rate to lower what you pay each month
Shorten Your Term
Go from 30 years to 15 and pay off faster
Remove PMI
If you've built equity, eliminate mortgage insurance
Switch Loan Type
Move from ARM to fixed for stability