As a current homeowner, now is the time to take advantage of low mortgage interest rates. You can lower your monthly mortgage payment and get cash back for any purpose. To have extra money, apply online today!

30 Year Fixed 15 Year Fixed 5/1 ARM 3/1 ARM 1 Year ARM I want a stable monthly payment       I plan to own my house in 5 years         I believe interest rates are likely to fall     I believe interest rates are likely to rise       I plan to refinance within 5 years

Here are some frequently asked questions that you may have around refinancing your home.

Can I shorten the loan term if I refinance?

Yes, as long as you qualify. For instance, you may be able to reduce your mortgage loan term from 30 years to 20 or 15 years.

Can I refinance and use the cash for an addition to my home?

Absolutely. Many people borrow against the equity in their homes to make improvements or pay off outstanding bills.

How much of my home equity can I use?

Up to 100 percent of the appraised value of your home can be used to make home improvements. The equity you can

use is based on the value of the home and what you currently owe, subject to applicable state laws.

Yes, up to 100 percent loan-to-value (LTV) if you want to refinance your house for a new rate and term. A reappraisal of your operty may be required.

What will it cost me to refinance?

You will have closing costs associated with refinancing your loan, including points and processing fees. You have the option of rolling these costs into the loan amount to reduce your cash out of pocket. We also offer "no points, no closing cost" loans!