MORTGAGE REFINANCING
Your Mortgage Can Change
When Your Goals Do.
Whether you're looking to lower your payment, access home equity, or change your loan terms, refinancing may give you more options.
Lower Payment | Cash Out | Change Loan Terms | Remove PMI
FIND THE RIGHT REFINANCE
Different Goals. Different Options.
RATE & TERM REFINANCE
Adjust Your Rate or Term
Refinance your existing mortgage into a new loan with a different interest rate, loan term, or both.
CASH-OUT REFINANCE
Turn Equity Into Cash
Replace your existing mortgage with a larger loan and receive eligible equity from your home as cash at closing.
STREAMLINE REFINANCE
A Simpler Refinance Path
Eligible FHA and VA borrowers may have access to streamline refinance programs with reduced documentation requirements.
USE THE EQUITY YOU'VE BUILT
Your Home Equity Can
Help Fund What's Next.
A cash-out refinance may allow eligible homeowners to access a portion of their home's equity while replacing their existing mortgage.
REFINANCE GUIDELINES
What to Know
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Minimum credit score depends on the refinance program. Credit score can also affect the maximum cash-out LTV, rate, and pricing available.
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Cash-out refinance options may allow financing up to 75%–85% of the home's value, depending on occupancy, loan program, credit profile, and property type.
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Property Value Determines Available Equity
An appraisal is typically used to establish the home's current value and determine the maximum available cash-out loan amount. An appraisal waiver may be available on eligible loans. -
Cash-out refinancing may be available for primary residences, second homes, and investment properties, with maximum LTV varying by occupancy and program.
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Can Be Rolled Into the Loan
Eligible closing costs may be included in the new loan amount, provided the final loan remains within applicable loan-to-value and program limits.
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Existing Mortgage + Cash Out + Eligible Costs
The new mortgage pays off the existing loan and can include the borrower's eligible cash-out proceeds and financed closing costs, subject to maximum LTV and loan limits.
GOVERNMENT REFINANCE OPTIONS
Already Have an FHA or VA Loan?
A SIMPLE PLACE TO START
See If Refinancing Makes Sense.
Review Your Current Mortgage
We’ll review your existing loan, payment, interest rate, and mortgage balance.
Define Your Goal
Lower payment? Cash out? Different term?
We’ll determine what you’retrying to accomplish.
Compare Available Options
We’ll review available refinance programs and explain the cost and potential benefits before you decide whether to proceed.