Loan program
Refinance
Refinancing means replacing your current mortgage with a new one. People refinance for a range of reasons: to pursue a lower monthly payment, shorten or extend the loan term, consolidate debt, remove mortgage insurance, or access home equity through a cash-out refinance.
Good fit for
- Homeowners looking to change their rate or loan term
- Borrowers who want to tap built-up equity (cash-out refinance)
- Homeowners looking to remove FHA mortgage insurance or PMI by moving to a different loan
Key features
- Rate-and-term refinance
- Replaces your existing loan with a new one to adjust the rate, the term, or both — without taking cash out.
- Cash-out refinance
- Lets you borrow against your home's equity and receive the difference in cash at closing, typically for renovations, debt consolidation, or other major expenses.
- VA and FHA streamline options
- Borrowers with an existing VA or FHA loan may qualify for a streamlined refinance with reduced documentation requirements.
- Closing costs apply
- Refinancing involves closing costs similar to a purchase loan — your loan officer can walk through the break-even math for your situation.
Common questions
How soon can I refinance after buying?
It depends on the loan type and any seasoning requirements — a loan officer can confirm the timeline for your specific loan.
Does refinancing restart my 30-year clock?
It can, depending on the new loan's term. You can also choose a shorter term if your goal is to avoid extending your payoff timeline.
Talk through refinance with a licensed loan officer
Get a straight answer on whether this program fits your situation. A consultation is free and carries no obligation.
Educational overview only. Nothing on this page is a rate quote, an eligibility determination, or a commitment to lend. See Licensing & Disclosures for current licensing. Equal Housing Opportunity.