Refinancing is a practical financing option that can offer exceptional long-term rewards. Whether you want to lower your payment or borrow against the equity in your home, we are here to help. Refinancing can help you get cash out of your home, reduce the amount of your monthly payment, or both.

Is refinancing the right option for you?

There are many factors to consider - your financial goals, the size of your loan, the value of your home and the interest rates of your existing loan and new mortgage. Some other important questions to ask are: How much will my payment go down? What are the costs associated with refinancing my mortgage? Will I have to pay points? What about settlement costs?

The length of time you plan to stay in your home is another factor to consider when refinancing. If you're planning to move in a year or two, paying a substantial amount of upfront fees may not be the best advice. The savings in your monthly payment may not be enough to offset your initial investment. As a rule of thumb, most mortgages have at least one point and have $1,500 - $4,000 in associated closing costs.

What's my home worth?