Refinance Loan Options*

Mortgage refinancing allows eligible borrowers to replace an existing mortgage with a new loan. Depending on your financial circumstances and loan qualifications, refinancing may provide opportunities to adjust your interest rate, loan term, mortgage type, or access home equity through a cash-out refinance. Our mortgage officers can explain available refinancing options and answer your questions.

• If interest rates are lower than when you obtained your current mortgage, refinancing may provide an opportunity to reduce your monthly payment or total interest costs, depending on your loan terms and qualification requirements.
• Refinancing may allow eligible borrowers to move from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage.
• Refinancing may allow eligible borrowers to choose a different loan term, including shorter repayment periods.
• If your home's equity has reached certain loan-to-value requirements, refinancing may allow you to remove private mortgage insurance (PMI), subject to loan and program requirements.
• Cash-out refinancing may allow eligible borrowers to access available home equity for expenses such as home improvements, education, or debt consolidation, subject to loan qualification.