Lower your rate, get out of your ARM, or turn your equity into cash — no pressure, no obligation, just real numbers.
Refinancing is often used to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan, or extracting cash equity in your home (cash out) — for home improvement, an education fund, or consolidating debt.
Another way to convert equity in your home to cash is a home equity loan — an alternative to refinancing if your current loan has a very low rate compared to current interest rates, or if you have a prepayment penalty on your loan.
A lower rate means less interest paid over the life of the loan — often the single biggest saving available to a homeowner.
Fund home improvements or major expenses using the equity you've already built.
Replace scattered high-interest payments with one manageable, lower-rate monthly payment.
Free up monthly cash flow for savings, retirement, or simply breathing room.
Estimate your new payment and break-even point — then talk to a real person about it.