Refinancing your Home
Discover what your house can do for you.
Refinancing your home replaces your current mortgage with a new mortgage. There are two refinance options, depending on what you hope to achieve.
Traditional Refinance
A traditional refinance may help decrease payments or change the term of the loan. Traditional refinances most commonly offer a lower interest rate, change the length of the loan in years, or cancel mortgage insurance premiums.
Cash-Out Refinance
A cash-out refinance lets you take advantage of the equity in your house by replacing your existing mortgage with a new mortgage for up to a certain percent of the value of your house, and receiving cash for the difference between what you owed and the new mortgage.