Explore Your Refinance Options

Find the Refinance That Fits Your Goals

Refinancing isn’t one-size-fits-all. Whether you’re looking to lower your rate, shorten your term, or use your home’s equity, the right refinance strategy depends on your goals. Here’s a quick look at some of the most common refinance options and how each can work for you:

Rate-and-Term Refinance

Perfect if you want to lower your interest rate, change your loan term, or move from an adjustable-rate to a fixed-rate mortgage. This type of refinance can help reduce your monthly payment or pay off your loan faster — depending on your priorities.

Cash-Out Refinance

A smart option if you’ve built up equity and want to tap into it for home improvements, debt consolidation, or major expenses. You’ll replace your current mortgage with a new one for more than you owe, and receive the difference in cash.

FHA, VA, and USDA Streamline Refinances

If your current loan is backed by FHA, VA, or USDA, these programs can help you refinance with minimal paperwork and often no appraisal. Streamlines are designed to make refinancing faster and easier for qualified borrowers.

Shorter-Term Refinance (15-Year Loan)

If your finances allow for a higher payment, refinancing into a shorter term can save thousands in long-term interest and help you pay off your home sooner.

Cash-In Refinance

In some cases, homeowners choose to bring cash to closing to lower their loan balance, reduce their interest rate, or eliminate mortgage insurance.