Mortgage Refinance

One of the most common reasons to refinance is to lock in a lower interest rate, which may help you save thousands over the life of your loan. Refinancing can also be used to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage or to get a better loan term for more predictable monthly payments.

A credit score of 640 is preferred for a mortgage refinance, although lower scores will be considered. In addition to your credit score, your income, employment history and current debts will also be reviewed.

Yes, you can refinance your mortgage if you're self-employed. However, additional documentation may be required to verify your income, such as business tax returns, profit and loss statements, business bank statements and others as requested.

Depending on the terms and balance of your current mortgage, you may be able to shorten the term to save on interest and pay off your loan faster. You may also be able to extend the loan to lower your monthly payments.

Absolutely! We’ll work hard to get a better rate or better terms to help you save. We’ll pay off your current loan when you close on your new mortgage, and you will then start making payments on your new loan.

The amount you can save by refinancing your mortgage depends on several factors, including your current loan terms, the new interest rate and the refinancing costs. To estimate your savings and your new monthly payments, use our mortgage calculator above.

Gathering your documents before you apply for a mortgage refinance helps make the process faster and easier. Here is a checklist of documents you can use to make sure you have everything you need.

You can refinance most mortgages, including fixed- and adjustable-rate conventional loans and government-backed loans (FHA, VA and USDA).