Loan Program
Refinance
Refinancing replaces your current mortgage with a new loan. Homeowners refinance for a range of reasons, including changing the loan term, changing the structure, or accessing equity.
Who it may be appropriate for
- Homeowners evaluating their current loan structure
- Borrowers considering a change in term
- Homeowners exploring a cash-out option
Potential benefits
- Opportunity to restructure term or payment profile
- Potential to consolidate certain debts
- Ability to change from an adjustable to a fixed structure
Important considerations
- Closing costs apply and should be weighed against the benefit
- Extending the term may increase total interest paid over time
- Equity and appraisal requirements apply
General qualification factors
- Current equity position
- Credit profile
- Debt-to-income ratio
- Property valuation
Frequently asked questions
Program information is general in nature and is not a commitment to lend, an offer of credit, or a guarantee of eligibility, rates, or terms. All loans are subject to application, underwriting review, and program guidelines.
Next steps
Ready to Take the Next Step?
Whether you’re buying, refinancing, or exploring your options, we’re here to help you understand the path forward.