Complete Refinance Guide

Everything you need to know about mortgage refinancing. Learn when to refinance, types of refinancing options, and how to secure the best rates.

When Should You Refinance?

Lower Interest Rates

When rates drop 0.5-1% below your current rate, refinancing can save thousands over the loan term.

Access Home Equity

Cash-out refinancing lets you tap into your home's equity for renovations, debt consolidation, or investments.

Change Loan Terms

Switch from a 30-year to 15-year mortgage to pay off your home faster and save on interest.

Rate-and-Term Refinance

Replace your existing mortgage with a new one that has better terms, lower interest rate, or different loan duration.

Cash-Out Refinance

Refinance for more than you owe and receive the difference in cash. Use your home's equity for major expenses.

Review your credit score, income, and current mortgage terms to determine if refinancing makes sense.

Compare rates, fees, and terms from multiple lenders to find the best refinancing deal.

Complete the application with your chosen lender and provide required documentation.

The lender orders an appraisal to determine your home's current market value.

The lender reviews your application, verifies information, and makes a final decision.

Sign the new loan documents and your old mortgage is paid off with the new loan.

Get a free rate quote and see how much you could save with refinancing.