What is a home loan refinance?
A mortgage refinance allows homeowners to obtain better interest rates and terms by negotiating a new mortgage that replaces the original. Through a refinance loan, homeowners can better customize their mortgage rates, their loan length and even how much money is being borrowed.
Different ways to refinance
Fixed Rate Mortgage
Fixed-rate mortgages are the standard in home loans and are available in a variety of terms from 10 to 30 years. As the name suggests, these loans offer a consistent, fixed payment throughout the life of the loan. Learn More
Adjustable Rate Mortgage
Adjustable-rate mortgages are a great fit for home buyers who plan to sell or refinance their home between 5 and 10 years because they offer the lowest initial rate available. Learn more
VA Refinance (IRRRL)
Veterans Affairs (VA) refinances are available exclusively to people who have served in the armed services and their surviving spouses. They have flexible qualification guidelines, plus other features that are not available with other programs. Learn More
Sometimes big goals require big loans. For home mortgages of $484,350 and larger ($726,525 for AK and HI), jumbo loans can help you get into your dream home. Learn More