What Is a Refinance Loan?
Refinancing is the process of replacing your existing mortgage with a new one. The new loan pays off your current loan and gives you a fresh start with updated terms.
There are a few common reasons to refinance:
Lower your interest rate and monthly payment
Shorten your loan term to pay off your home faster
Switch from an adjustable-rate to a fixed-rate loan
Access equity for renovations, debt consolidation, or other needs
Refinancing can be a smart move, and we’ll help you decide if it makes sense for you.